Intimation of resignation of Mr. Rajesh Singla from the post of Chief Financial Officer of the Company
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Avax Apparels and Ornaments Ltd has informed the stock exchanges that its Chief Financial Officer (CFO), Mr. Rajesh Singla, has resigned from the company with immediate effect from the close of business hours on July 18, 2025. The resignation is cited as being due to personal reasons, and Mr. Singla has confirmed there are no other reasons behind his exit. The disclosure has been made under SEBI's Listing Regulations, with the resignation letter and required details attached as annexures. The company has not yet announced a replacement for the CFO position.
The sudden exit of the CFO, a key managerial personnel, may create short-term uncertainty around financial reporting and leadership continuity at Avax Apparels. Shareholders should watch for the company's announcement of a new CFO appointment, as prolonged gaps in this critical role can sometimes weigh on investor sentiment.