Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Resignation of CFO
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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.