1. Resignation of Mrs. Shetna Patel as Non-Executive Director of the Company. 2. Resignation of Mr. Chetan Gandhi as Independent Director of the Company. 3. Resignation of Mrs. Shetna ....
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Aviva Industries has informed the stock exchange about several board-level changes effective September 1, 2025. Mrs. Shetna Patel resigned from both her role as Non-Executive Director and as Chief Financial Officer (CFO), citing other professional commitments. Mr. Chetan Gandhi also resigned as Non-Executive Independent Director for the same reason. Separately, on September 2, 2025, the board approved the appointment of M/s. SCS & Co. LLP, Ahmedabad-based practicing company secretaries, as the Secretarial Auditor for FY 2024-25 for a first term of five years, as required under SEBI's amended Listing Regulations.
The simultaneous exit of the CFO and two directors raises short-term governance concerns, though the company states reasons are personal and not material. Investors should monitor for timely replacement of these critical positions, especially the CFO role, to ensure financial reporting continuity.