Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Resignation of CFO
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.7 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
IITL Projects Ltd has informed the stock exchanges that Mr. Sagar Jaiswal, the Chief Financial Officer and Key Managerial Personnel of the company, has resigned. The resignation was tendered via a letter dated August 6, 2025 and will take effect from the end of business hours on August 31, 2025. Mr. Jaiswal cited his intention to start his own Chartered Accountancy practice as the reason for leaving. He also confirmed that there are no other material reasons behind his departure. The resignation has been accepted by the company's management.
This is a routine senior-level exit driven by personal career goals rather than any governance or performance concerns, and should have limited impact on the stock. However, investors should watch for timely appointment of a new CFO, as the finance function is critical for financial reporting and audit processes.