Enclosed herewith Resignation of CFO.
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Bharat Agri Fert & Realty Ltd announced the resignation of Mr. Vijal Yogendra Patel as Chief Financial Officer (CFO) effective April 2, 2026, due to his elevation to Chairman & Managing Director of the company. Simultaneously, Ms. Chandni Yogendra Patel has been appointed as the new CFO effective April 3, 2026. Mr. Patel, currently a Whole-time Director, will be re-designated as Chairman & Managing Director, subject to shareholder approval via postal ballot. Ms. Chandni Patel is Mr. Vijal Patel's sister and daughter of Mrs. Anjni Yogendra Patel, another Whole-time Director of the company.
The CFO change is an internal restructuring as Mr. Patel moves to a higher executive role. However, the appointment of a family member (sister) as CFO raises potential governance concerns around concentration of key positions within the promoter family.