Request for Grant of Extension for Appointment of Chief Financial officer (CFO)
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Jai Mata Glass Ltd has informed BSE that the position of Chief Financial Officer (CFO) has been vacant since the former CFO resigned effective 8th December 2025. The company has been unable to find a suitable candidate and is requesting a three-month extension from the stock exchange to complete the hiring process. Under Section 203 of the Companies Act, 2013 and SEBI listing rules, the company is required to fill any Key Managerial Personnel (KMP) vacancy within a prescribed timeframe. The company says the search is ongoing and needs more time.
The CFO seat has been empty for over three months, which is a governance red flag for shareholders. Failure to fill a key finance leadership role on time can delay financial reporting, weaken internal controls, and may attract regulatory scrutiny from BSE and SEBI.