1. Resignation of Ms. Rupal Parikh as Chief Financial Officer and Key Managerial Personnel 2. Appointment of Mr. Sivarama G. as Chief Financial Officer and Key Managerial Personnel.
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Indokem Limited's Board, at its meeting on May 9, 2025, approved several leadership changes. Ms. Rupal B. Parikh resigned as Chief Financial Officer effective close of business on May 9, 2025, citing a desire to explore a different role within the organization. Mr. Sivarama G., a finance professional with over 28 years of global experience including 21+ years in textile and garment manufacturing across India, Egypt, Bangladesh, Ethiopia, and the UAE, was appointed as the new CFO on the same date. Additionally, Mr. Mukund Nagpurkar was re-appointed as Internal Auditor for FY 2025–26, and Mr. Rahul Singh (DIN: 07477748) was re-appointed as Independent Director for a second five-year term from September 29, 2025 to September 28, 2030, pending shareholder approval at the next AGM.
This is a routine leadership transition with no red flags — the outgoing CFO is moving internally and a seasoned finance professional is taking over immediately, meaning no operational gap. Continuity is maintained at the board level with the independent director's re-appointment, which should reassure shareholders about governance stability.