Intimation of Resignation of CFO of the Company
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Hazoor Multi Projects Ltd has informed the stock exchanges that Ms. Francisca Rosario has resigned as the Chief Financial Officer (CFO) of the company with effect from April 7, 2025. The resignation has been cited as being due to personal reasons, with no other material reasons disclosed. The announcement was made under Regulation 30 of SEBI LODR Regulations, 2015, and includes the resignation letter from the outgoing CFO. The communication was signed by Pawankumar Nathmal Mallawat, Executive Director of the company.
The sudden departure of the CFO, a key managerial personnel, may raise short-term governance concerns among investors, especially since no replacement has been announced. However, the resignation is attributed to personal reasons with no adverse material disclosures, so the immediate impact on stock price is likely to be limited.