Board reshuffle: new CFO, two Independent Directors and new auditors appointed

Board & Shareholder Meetings View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board overhaul following change in management and control. Rajeev Kumar Singh appointed as new CFO replacing Pranita Semwal who resigned. Two new Independent Directors Khusbu Agrawal and Sweta Agarwal appointed; two Independent Directors Alpa Vora and Jignesh Barot resigned citing change in management. Statutory auditor Kapish Jain and Associates replaced by Kale Malde and Co to fill casual vacancy. Kalpesh Khatri and Associates named Internal Auditor for FY26-27. All changes effective 1 July 2026, subject to shareholder approval.

Likely market impact

Significant governance reset after change in management control. New CFO, two Independent Directors and new auditors now in place, pending shareholder approval.