Intimation regarding appointment of Chief Financial officer under Regulation 30 of SEBI (LODR) Reg, 2015
Awaiting price reaction for this filing.
Insilco Limited has appointed Mr. Rajeev Agarwal as its new Chief Financial Officer with effect from 13th August 2025, following a Board meeting held on the same day. Mr. Agarwal holds a Master's degree in Commerce and brings over 36 years of experience across finance, accounts, and controlling functions. He is an internal appointee, having joined Insilco in November 1993 and served in the Finance & Accounts Department for decades. Notably, Insilco Limited is currently under voluntary liquidation, a process that began on 25 June 2021. Mr. Agarwal is not related to any of the company's Directors.
This is a routine key managerial personnel (KMP) appointment with no immediate direct impact on shareholders. However, the appointment of a CFO during ongoing voluntary liquidation indicates the company continues to require structured financial oversight as it winds down operations and settles obligations.