Intrasoft Technologies Limited has informed the Exchange regarding Appointment of Sharad Kajaria as Chief Financial Officer of the company w.e.f. March 28, 2026.
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Intrasoft Technologies has appointed Mr. Sharad Kajaria as its new Chief Financial Officer effective March 28, 2026, replacing Mr. Mohit Kumar Jha who resigned on March 25, 2026 to pursue better career opportunities. The outgoing CFO has been formally relieved from March 28, 2026. Notably, the new CFO Sharad Kajaria is the brother of Mr. Arvind Kajaria, the Managing Director of the company. The Board approved both the appointment and relieving at its meeting on March 28, 2026. The new CFO brings over two decades of experience in internet technologies, business transformation, and investment strategy.
The CFO change has been executed smoothly with minimal gap between the outgoing and incoming CFO. However, the appointment of the Managing Director's brother as CFO may draw governance attention from investors, as it places a key financial role in the hands of a promoter family member rather than an independent appointee.