Intrasoft Technologies Limited has informed the Exchange regarding Resignation of Mohit Kumar Jha as Chief Financial Officer of the company w.e.f. March 28, 2026.
ISFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IntraSoft Technologies announced a change at the Chief Financial Officer position on March 28, 2026. Mr. Mohit Kumar Jha has resigned as CFO (with his resignation letter dated March 25, 2026), citing the pursuit of better career opportunities, and was formally relieved effective March 28, 2026. In the same board meeting, the company approved the appointment of Mr. Sharad Kajaria as the new CFO, also effective March 28, 2026. Mr. Sharad Kajaria is described as a seasoned entrepreneur with over two decades of experience in internet technologies and business transformation. Importantly, he is the brother of Mr. Arvind Kajaria, the Managing Director of the company.
The appointment of the MD's brother as CFO may raise governance concerns for shareholders, as it increases family concentration in top management. However, the transition appears orderly with a same-day handover, and the incoming CFO has a strong professional background in technology and investment strategy.