Resignation and Appointment of CFO

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹232.90

prior close

₹229.00

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.6% vs market

Civil Construction peers, median of 84sector-0.1%-0.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-1.3-0.7-0.6-1.5+0.2

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+13.3-1.6+14.9-5.5+18.8

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 84Pending

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AI summary

Desco Infratech Ltd has announced a change in its Chief Financial Officer position effective June 16, 2025. Ms. Prinkle Sanjay Jain, the existing CFO and Key Managerial Personnel, has resigned and been relieved from her duties. The company has appointed Mr. Rushabh Mashkaria as the new CFO and KMP on the same date, based on the recommendation of the Nomination and Remuneration Committee. Mr. Mashkaria is a Chartered Accountant with over 7 years of experience in credit risk and financial management, having previously worked at RBL Bank, Axis Bank, and L&T Housing Finance Ltd.

Likely market impact

This is a routine key managerial personnel change with immediate CFO transition, ensuring continuity in financial leadership. The new CFO brings banking and housing finance sector experience, which may strengthen the company's financial and credit risk management capabilities.