Resignation of Mr. Mohit Jain from the post of Director cum Chief Financial Officer and Key Managerial Personnel (KMP) w.e.f. March 11, 2026
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Filmcity Media Ltd has informed the BSE that Mr. Mohit Jain (DIN: 09684465) has resigned from his roles as Executive Director, Chief Financial Officer, and Key Managerial Personnel of the company, effective from the close of business hours on March 11, 2026. The company's intimation cites his reason as pursuing another career opportunity, while his personal resignation letter mentions personal reasons. He has confirmed that there are no other material reasons behind his departure. He will also cease to be the KMP authorized to determine materiality of events and make stock exchange disclosures under Regulation 30. The required disclosures under SEBI's Listing Regulations have been enclosed as annexures and uploaded on the company's website.
The sudden exit of the CFO and an Executive Director at a small-cap media company can create short-term uncertainty around financial reporting continuity and may be viewed negatively by investors. The stock could see mild weakness until a replacement is announced, though the resignation appears amicable with no governance concerns flagged.