In terms of Regulations 30 SEBI (LODR) Regulations, 2015, this is to inform that the Meeting of the Board of Directors of the Company was held today on 18th December, 2025, Thursday at ....
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Dhanlaxmi Cotex's board met on 18th December 2025 and approved two key changes. Mr. Rahul Mahesh Jhawar resigned as Executive Director and Chief Financial Officer effective 9th December 2025. In his place, Mrs. Payal Ankur Bankda, an existing Director on the board, has been appointed as the new Chief Financial Officer effective 18th December 2025. Notably, Mrs. Bankda is the daughter of Mr. Mahesh Sohanlal Jhawar, the Managing Director and Promoter of the company. The appointment was made on the recommendation of the Audit Committee under Section 203 of the Companies Act, 2013.
The CFO transition keeps the top finance role within the promoter family, which may raise governance questions among minority shareholders about independence at the KMP level. Investors should watch for any related-party transactions and ensure adequate checks remain in place under the new CFO.