Mr. Gaurav Aggarwal is appointed as CFO of the Company w.e.f 30th October, 2025
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Avon Mercantile Ltd has appointed Mr. Gaurav Aggarwal as its Chief Financial Officer and Key Managerial Personnel with effect from 30th October 2025. The appointment was approved by the Board of Directors at its meeting held on the same date, in compliance with Section 203 of the Companies Act, 2013. Mr. Aggarwal brings 8 years of post-qualification experience in financial accounting, indirect taxation, account preparation, tax returns, business MIS, payroll processing, and bank/customer reconciliation. He has confirmed his consent to act as CFO and certified that he is not disqualified under any provisions of the Companies Act, 2013.
This is a routine leadership appointment with no disclosed governance concerns. The new CFO has a moderate level of experience (8 years), which should help stabilise financial reporting at the company. No material impact on share price is expected from this announcement.