CNLNSECreative Newtech LimitedMediumNeutral
Announced Thu, 14 May · 16:59 IST

Creative Newtech Limited has informed the Exchange regarding Appointment of Mr Ajit Thakur as Chief Financial Officer of the company w.e.f. May 14, 2026.

Cfo ResignedKmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹665.00
prior close
₹652.00
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-0.3-2.1-1.5+0.5-3.0-6.3-4.5-2.7-3.8-4.7+8.6+11.1+36.4
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AI summary

Creative Newtech Limited has appointed Mr. Ajit Thakur as Chief Financial Officer and Key Managerial Personnel, effective May 14, 2026. He replaces Mr. Abhijit Kanvinde, who resigned from the CFO and KMP position on April 14, 2026. Mr. Thakur is a qualified Chartered Accountant with over 17 years of experience in finance, accounts, strategic planning, fund raising, and taxation across diverse industries including agriculture, electric vehicles, steel, and manufacturing. He previously held leadership roles at Mahindra & Mahindra, Mahyco Group, and Time Technoplast Ltd. The appointment was approved by the Board of Directors based on the recommendation of the Audit Committee and Nomination and Remuneration Committee.

Likely market impact

The appointment fills a critical leadership vacancy in the finance function, as the previous CFO resigned about a month ago. The new CFO's strong background in IPO readiness, fund raising, and financial transformation could be viewed positively by investors.