Balaji Telefilms Limited has informed the Exchange regarding Appointment of Mr. Dhaval Sheth as CSO and Deputy CFO of the company w.e.f. August 13, 2025.
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Balaji Telefilms has appointed Mr. Dhaval Sheth as Chief Strategy Officer (CSO) and Deputy Chief Financial Officer (Deputy CFO), effective August 13, 2025. The appointment was approved by the Board on August 12, 2025 based on the recommendation of the Nomination and Remuneration Committee. Mr. Sheth is currently the COO and CFO of Paper Boat Apps Private Limited (Kiddopia), a material subsidiary of Nazara Technologies Ltd. He is a Chartered Accountant with a law degree and has over 15 years of experience, including nearly 10 years at Ernst & Young and about 6 years at Paper Boat Apps where he drove subscription gaming growth, IP partnerships, and finance functions.
The hiring brings experienced finance and strategy leadership from the gaming and consulting sectors, which may support Balaji Telefilms' growth or business diversification plans. For shareholders, this signals management strengthening rather than a disruption, and the stock impact is likely to be neutral to mildly positive depending on the strategic direction Mr. Sheth drives.