Considered and Approved the following: 1. Resignation of Mr. Chandrakesh Pal (DIN: 07277936 & PAN: BCCPC1356E) from the post of Chief Financial Officer (CFO) and Whole Time Director (WTD) ....
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The Board of Directors approved multiple items at their meeting on May 28, 2026. Mr. Chandrakesh Pal resigned as Chief Financial Officer (CFO) and Whole Time Director (WTD) citing personal reasons, effective from close of business hours on May 28, 2026. The company immediately appointed Mr. Sanjay Kumar Sharma as the new CFO (KMP), who holds a B.Com degree with 27 years of professional experience in finance and business operations. Additionally, Ms. S. Sivagami was appointed as Internal Auditor, a B.Com graduate with 13 years of experience in MIS at Ganges International Pvt Ltd. The board also took on record the audited financial results for Q4 and FY ended March 31, 2026, with statutory auditors OP Bagla & Co LLP issuing an unmodified audit opinion.
The resignation of the CFO/WTD could raise short-term concerns about leadership continuity, though the immediate appointment of a replacement with extensive experience should provide stability. The unchanged audit opinion with unmodified status is positive for shareholders, indicating clean financial reporting.