Consider and Approved Appointment of Chief Financial officer and Resignation of Chief Financial Officer
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Infinity Infoway Limited held a board meeting on 25th October 2025 where it accepted the resignation of Mr. Nishant A Parekh as Chief Financial Officer, effective the same day after working hours, citing personal and professional reasons. On the same date, Mrs Paras Vaishanav was appointed as the new CFO with effect from 25th October 2025. The new CFO brings over 8 years of experience in auditing, taxation, financial reporting, and compliance, having previously worked at chartered accountancy firms and at the group's related entity, Infinity Transoft Solution Pvt. Ltd. Separately, the board approved setting up a new office in Bangalore to expand the company's business in the southern region of India.
The same-day CFO transition suggests an orderly handover with no apparent disruption to financial operations. The new CFO's internal familiarity with the group may aid continuity, while the Bangalore office signals growth intent that could benefit long-term shareholders if execution goes well.