Intimation under Regulation 30 (5) of SEBI (LODR) Regulations, 2015
GRWRHITECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garware Hi-Tech Films Limited has disclosed the resignation of Mr. Abhishek Agrwal from the position of Chief Financial Officer (CFO) and as Key Managerial Person (KMP), effective May 15, 2026. As CFO, he was also the Authorized Person under Regulation 30(5) for determining materiality of events. The company has appointed two new Authorized Persons: Mr. Uday V. Joshi (Whole Time Director) and Mr. Awaneesh Srivastava (Company Secretary & Compliance Officer) to handle disclosures to stock exchanges under the guidance of the Chairman and Managing Director. The resignation appears to be immediate, and the company has not disclosed the reason for departure.
The sudden resignation of the CFO could raise concerns among investors about leadership continuity and financial management oversight. However, the immediate appointment of Authorized Persons ensures regulatory compliance is maintained. Investors should watch for announcement of a new CFO appointment, which will be key for shareholder confidence.