Announcement of Resignation Letter Received From Chief Financial Officer under Regulation 30
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Mr. Nishant Atulbhai Parekh has resigned as Chief Financial Officer and Key Managerial Personnel of Infinity Infoway Ltd, citing personal and professional reasons, including the need to change cities. His resignation will take effect from the immediate next Board Meeting, after which he will be formally relieved of his duties. The company has acknowledged his contributions and stated that it is in the process of identifying a suitable replacement. A further update will be shared with the stock exchanges once a new CFO is appointed. The disclosure was filed under Regulation 30 of SEBI Listing Regulations with details enclosed as Annexure I.
A senior finance leadership change at a small-cap company could create short-term uncertainty, especially since the company has not yet named a replacement. For shareholders, the key watchpoint is how quickly Infinity Infoway fills the CFO role, as prolonged vacancies in key financial positions can affect reporting quality and investor confidence.