Gujarat Raffia Industries Limited has informed the Exchange regarding Appointment of Mr. Avinash Appasaheb Salunke as internal auditor of the company w.e.f. August 07, 2025.
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Gujarat Raffia Industries announced two management changes approved at the board meeting on August 7, 2025. Mr. Gopesh Nileshbhai Patel resigned as Chief Financial Officer and Key Managerial Personnel, with his last day of service being August 1, 2025; he cited pursuing professional goals outside the organisation. The board also appointed Mr. Avinash Appasaheb Salunke as the Internal Auditor with effect from August 7, 2025, starting from Q2 of FY 2025-26. Mr. Salunke holds a Master's degree in Commerce and has around 7 years of experience as a CFO and Compliance Officer in corporate roles. The company has not yet disclosed the name of a new CFO, leaving the position temporarily vacant.
The CFO exit is for personal career reasons rather than any disclosed governance issue, so it is unlikely to weigh heavily on the stock. However, the lack of an immediate CFO replacement could create short-term uncertainty around financial reporting and investor communications until a successor is named.