This is inform that the Chief Financial Officer of the Company resigned w.e.f 8th April 2026. Kindly take the same on your record.
EMPOWER · price
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Mr. Rajgopalan Iyengar has resigned from both the positions of Managing Director and Chief Financial Officer of Empower India Ltd effective from April 8, 2026. The resignation was due to medical reasons requiring his immediate and complete attention. The Board of Directors approved this resignation in their meeting held on April 9, 2026. Mr. Iyengar confirmed that there are no other material reasons for his resignation other than health concerns. He did not hold any directorships in other listed entities. Notably, one person held both the Managing Director and CFO positions, which is a significant governance observation.
The sudden dual departure of both Managing Director and CFO creates a leadership vacuum and raises governance concerns. Shareholders should monitor how quickly the company appoints replacements for both critical roles and whether this impacts operations or financial reporting timelines.