Deepak Builders & Engineers India Limited has informed the Exchange regarding 'Intimation under Regulation 7C of Schedule III of Regulation 30 of SEBI (LODR) Regulations, 2015 Intimation under regulation 7C of Schedule III of Regulation 30 of SEBI(LODR) Regulations, 2015'.
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Deepak Builders & Engineers India Limited has formally relieved Mr. Rishabh Gupta from the position of Chief Financial Officer, effective from the close of business hours on June 30, 2025. Mr. Gupta had originally resigned on April 8, 2025, citing personal obligations, with a one-month notice period. His relieving date was extended twice — first to May 31, 2025, and then to June 30, 2025 — before being finalized. The company has issued a formal relieving letter and submitted the required disclosures under SEBI LODR regulations.
The CFO position is now vacant, and the company will need to appoint a new CFO soon to ensure continuity in financial leadership and regulatory compliance. For shareholders, the key thing to watch is whether a permanent replacement is announced promptly.