CNLBSECreative Newtech LtdMediumNeutral
Announced Thu, 14 May · 17:02 IST

Appointment of Mr. Ajit Thakur as Chief Financial Officer of the Company w.e.f. 14th May 2026.

Cfo ResignedKmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹665.00
prior close
₹652.00
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AI summary

Creative Newtech Limited has appointed Mr. Ajit Thakur as its new Chief Financial Officer and Key Managerial Personnel (KMP) effective 14th May 2026. He is a qualified Chartered Accountant with over 17 years of experience in finance, accounting, strategic planning, fundraising, and taxation across diverse industries including agriculture, electric vehicles, and manufacturing. Mr. Ajit Thakur replaces Mr. Abhijit Kanvinde, who resigned from the CFO and KMP position on 14th April 2026. The appointment was approved by the Board of Directors based on recommendations from the Audit Committee and Nomination and Remuneration Committee. Mr. Thakur has no relationship with any existing directors or KMPs of the company.

Likely market impact

The appointment fills a critical leadership vacancy in the finance function after the previous CFO's resignation about a month ago. The new CFO's extensive experience in IPO readiness, fundraising, and financial transformation may be viewed positively by investors, especially if the company has growth or listing plans.