Resignation of the Managing Director and Chief financial officer
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Corporate Merchant Bankers Ltd informed the stock exchanges that Mr. Manoj Purushottam Rasania (DIN: 10812201) has resigned from the positions of Managing Director and Chief Financial Officer with effect from 2nd May 2025. The resignation was accepted by the Board at its meeting held on the same day, starting at 6:15 PM and concluding at 6:45 PM. The reason cited is personal and unavoidable circumstances, and the company confirmed there are no other reasons beyond what is mentioned in the resignation letter. The announcement was made to both BSE (Scrip Code: 540199) and Metropolitan Stock Exchange (Symbol: CMBL). The departing director does not hold directorship in any other listed entity.
The simultaneous exit of both the Managing Director and CFO creates a leadership vacuum at the top of the company and may raise governance concerns among shareholders. Investors should watch for timely appointments of replacements, as prolonged gaps in KMP positions can affect operational continuity and compliance.