intimation regarding cessation from the position of Chief Financial Officer of the company.
Awaiting price reaction for this filing.
Insilco Limited has informed the BSE that Mr. Rajeev Agarwal ceased to hold the position of Chief Financial Officer (CFO) with effect from the close of working hours on 21st July 2025. The cessation was pursuant to Clause 7 of his Employment Contract dated 28th June 2023. Notably, 21st July 2025 is described as the 'date of filing the dissolution application,' suggesting this is part of the company's winding-up process. The company has been under voluntary liquidation since 25 June 2021. The intimation was filed under Regulation 30 of SEBI LODR Regulations by Priya Singhal, Company Secretary & Compliance Officer.
For shareholders, this is largely procedural as Insilco has been under voluntary liquidation since June 2021. The CFO's exit aligns with the filing of the dissolution application, indicating the company is progressing toward final closure. This is unlikely to have any material impact on shareholder value as the stock is effectively in wind-down mode.