Announcement under Regulation 30 (LODR)-Resignation of Cheif Financial Officer
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Chandrima Mercantiles announced multiple board-level changes effective November 22, 2025. Mr. Dinesh Hareshbhai Gohel resigned as Chief Financial Officer citing pre-occupation elsewhere and was redesignated from Managing Director to Non-Executive Director. Mr. Chiragkumar Kiranbhai Prajapati was appointed as both the new Managing Director and Chief Financial Officer, taking on dual KMP responsibilities. The company also recommended M/s. M A A K & Associates, Chartered Accountants (FRN: 135024W), as the new Statutory Auditor for FY 2025-26, to fill a casual vacancy caused by the resignation of the earlier auditor, subject to shareholder approval at an upcoming EGM.
The departure of the CFO and shift of the MD to a non-executive role, combined with one person holding both MD and CFO positions, may raise governance concerns for some investors. The auditor change adds another layer of transition risk, though all moves were confirmed with no material undisclosed reasons.