Company informed to Stock Exchange about the Resignation of Ankur Sharad Poddar as CFO of the Company w.e.f. 07 August 2025
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On the reaction day the stock moved 5.9 pts more than Nifty Microcap 250 and 5.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 7 August 2025, Jattashankar Industries saw a sweeping leadership change. Managing Director & Chairman Jatta Shanker Poddar, Executive Director Sharad Poddar, and CFO Ankur Sharad Poddar (the founder family's next generation) all resigned citing personal reasons, effectively marking a complete family exit from the company's board and finance function. Two independent directors — Richa Sushil Choudhary and Ruchika Kabra — also stepped down, vacating key audit and nomination committee roles. To fill the gaps, Keval Jayanti Khudai (holding 7 lakh shares) was named new Managing Director & Chairman, Nileshbhai Bhagvanji Bapodara (holding 7.21 lakh shares) was appointed Whole-Time Director, and chartered accountant Harsh Nayak and company secretary Siddharth Gajra were appointed as independent directors, all subject to shareholder approval.
This is a near-total board reset that transfers control away from the founding Poddar family to a new management team holding meaningful equity stakes. For shareholders, the change removes keyman risk but introduces uncertainty about the strategic direction of a small, thinly-traded company. Watch for the upcoming shareholder meeting where these appointments will need ratification.