Mr. Ashish Sanwal, Manager-Internal Audit, has submitted his resignation from the said office with effect from 12.05.2026 which has been accepted. Mr. Ashish Sanwal has been appointed as ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Ashish Sanwal resigned from his position as Manager-Internal Audit with effect from 12.05.2026, and was simultaneously appointed as Chief Financial Officer (CFO) of the company with effect from 13.05.2026. This is an internal role change where the same individual moved from an internal audit management position to the CFO role. As CFO, he becomes a Key Managerial Personnel (KMP) of the company. His appointment terms include a monthly remuneration of Rs. 55,000 and reporting directly to the Board of Directors. The resignation letter confirms he stepped down from the internal audit role due to the executive responsibilities attached to the CFO position.
This represents an internal promotion rather than a governance concern. The company has filled its CFO position internally, maintaining continuity. Shareholders should note this is a routine management transition where one person now controls both internal audit oversight and financial leadership functions.