Disclosure for Resignation of Chief Financial Officer
Awaiting price reaction for this filing.
Mahan Industries Ltd informed the stock exchange that its Board, at a meeting held on November 12, 2025, approved the unaudited financial results for Q2 and H1 FY26 (quarter and half year ended September 30, 2025), along with a Limited Review Report by statutory auditors M/s. SDPM & Co. Separately, Mr. Sunil Prataprai Gumani resigned as Chief Financial Officer effective close of business on November 12, 2025, citing personal reasons. To fill the vacancy, the Board appointed Mr. Nironjan Jain as the new CFO with effect from the same date. Mr. Jain is a qualified Chartered Accountant with over 20 years of experience in finance, accounting, taxation, audit, and corporate governance, and notably he already serves as a Director on the Company's Board.
While a CFO change is routine, investors may note that the outgoing CFO left mid-quarter for personal reasons and that the incoming CFO also holds a Board Director position, which combines financial oversight roles. The simultaneous Q2 results announcement adds context for shareholders to assess the company's financial health.