BSECravatex LtdMediumNeutral
Announced Mon, 30 Mar · 12:49 IST

Intimation for re-appointment of Mr. Divakar G. Kamath as the Executive Director and Chief Financial Officer of the Company for a further period of 3 years from 1st April, 2026 to 31st ....

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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹329.00
prior close
₹305.00
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+1.1+1.1+1.1+1.1-0.4+3.3+3.3+5.8+15.6+5.2+17.0
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AI summary

Cravatex Ltd has re-appointed Mr. Divakar G. Kamath as Executive Director and Chief Financial Officer for a further period of 3 years, from 1 April 2026 to 31 March 2029. The decision was taken by the Board on the recommendation of the Nomination and Remuneration Committee, and the re-appointment is subject to approval from shareholders. Mr. Kamath is a qualified banker with around 32 years of experience and has been serving as CFO of the company since 2012. The company has confirmed he is not debarred from holding a director's office by any SEBI or other authority, and he is not related to any other director on the board.

Likely market impact

This is a routine continuity announcement with no change in leadership. Existing shareholders should see stability in the finance function, though the re-appointment still requires shareholder approval at a general meeting.