Resignation of CFO announcement
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Mr. P. Ramachandran, who held the combined roles of Chief Financial Officer, Company Secretary, and Compliance Officer (and was a Key Managerial Personnel) at Challani Capital Ltd, has resigned from the company. He cited personal reasons and will be relieved from duties with effect from the close of business hours on 14 August 2025. Mr. Ramachandran confirmed that there are no other material reasons behind his resignation beyond what has been stated. The disclosure has been made to BSE under SEBI LODR Regulation 30, with his resignation letter attached as Annexure-B. The company has not yet announced a replacement for these critical finance and compliance functions.
The exit of a KMP handling both the CFO and Company Secretary roles creates a leadership vacuum in financial oversight and regulatory compliance. Shareholders should watch for the company's next announcement regarding a permanent replacement, as prolonged absence could affect reporting timelines and governance quality.