Please be informed that Mr. Nitin Kamlakar Parab Chief Financial Officer of the Company has tendered his resignation from the service of the Company w.e.f May 1, 2025 due to personal reason.
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Mr. Nitin Kamlakar Parab has resigned as the Chief Financial Officer of Devinsu Trading Ltd, effective May 1, 2025, citing personal reasons. The company has accepted his resignation and confirmed there are no other material reasons behind his exit. Mr. Parab will no longer be classified as a Key Managerial Personnel (KMP) of the company. Devinsu Trading stated it is in the process of identifying and appointing a new CFO and will update the stock exchanges once the position is filled.
A CFO departure creates a temporary leadership gap in finance, but the resignation was for personal reasons and the company has begun the search for a replacement. For shareholders, this is a routine governance update with no immediate material impact on the stock, though the transition period may warrant monitoring.