IRM Energy Limited has informed the Exchange about General Updates
IRMENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IRM Energy Limited has provided a follow-up on its CFO Mr. Harshal Anjaria, who had submitted his resignation on May 22, 2025. Despite tendering his resignation, he has not completed his mandatory notice period and has been absent from work since that date. The company says he has also not been cooperating in handing over information, documents, and details related to his past duties as CFO. Because of this non-cooperation, the company has stated it is currently unable to formally relieve him from the CFO position. IRM Energy is taking legal advice on the matter and putting interim arrangements in place to ensure the CFO function continues uninterrupted, with further updates to follow.
This is an unusual situation that may create short-term governance and operational uncertainty around the company's finance function. Shareholders should watch for further updates on legal proceedings and the appointment of a new CFO, as prolonged non-cooperation by a key finance executive could raise concerns about internal controls.