CFO resigns; new CFO and three additional directors appointed
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On 6 November 2026, the board appointed Hitendrakumar Dineshbhai Kapadia as Chief Financial Officer. Sandeep Chhaganlal Mathur stepped down as CFO and Key Managerial Personnel due to personal and professional commitments but continues as Managing Director. The board also appointed Alay Bharatkumar Vasavada and Fenali Dixit Shah as independent directors for five-year terms, and Dhruv Shah as a non-executive director. All three director appointments require shareholder approval.
Management continuity is supported as the outgoing CFO remains Managing Director. Three board additions may improve oversight; shareholder approval is pending.