Awfis Space Solutions Limited has informed the Exchange regarding Resignation of Mr. Dugar as Chief Financial Officer & Key Managerial Personnel of the Company. He will continue in service up to February 2, 2026, after which he will be relieved.
AWFIS · price
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Awfis Space Solutions has announced the resignation of Mr. Ravi Dugar from the position of Chief Financial Officer and Key Managerial Personnel, effective February 2, 2026. Mr. Dugar is leaving to pursue better career opportunities after serving the company for over three years, during which he played a key role in taking Awfis public through its successful IPO. The Board has appointed Mr. Sumit Rochlani as the new CFO effective February 3, 2026, ensuring a smooth transition with no overlap gap. Mr. Rochlani is a Chartered Accountant (ICAI 2009) with over 14 years of experience across audit, controllership, financial planning, corporate finance, and indirect taxation. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Audit Committee.
This is a planned leadership transition with immediate succession in place, which should reassure investors about continuity in financial leadership. No governance red flags are apparent since the outgoing CFO cited personal career growth and the incoming CFO brings strong finance expertise.