The Board of Directors, in its meeting held on 12.05.2026 has appointed Mr. Ashish Sanwal as Chief Financial Officer of the Company with effect from 13.05.2026. Mr. Ashish Sanwal, who ....
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The Board of Directors of Integrated Capital Services Limited appointed Mr. Ashish Sanwal as Chief Financial Officer effective 13.05.2026. He was previously serving as Manager-Internal Audit and has tendered his resignation from that role with immediate effect. Mr. Sanwal is a commerce graduate with an MBA in Finance (qualified in 2017) and brings approximately 9 years of experience in finance, accounts, taxation, and banking. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board on 12.05.2026. The appointment terms allow termination by either party with one month's notice.
This is a routine internal promotion within the company. Mr. Ashish Sanwal's appointment as CFO brings continuity since he is already familiar with the company's operations, which may provide stability in financial leadership. No significant immediate impact on shareholders expected from this appointment.