Disclosure of Resignation of Mr. Parth Sanghavi as Chief Financial Officer of the Company.
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Jhaveri Credits & Capital Ltd announced several board-level changes at its February 10, 2026 meeting. Mr. Parth Sanghavi resigned as Chief Financial Officer effective close of business on March 12, 2026, citing personal and professional commitments. Mr. Pareshkumar Kantilal Patel stepped down as Independent Director effective February 10, 2026, citing personal business commitments that prevented adequate time for board duties. Mr. Vishnukumar Vitthaldas Patel was redesignated from Managing Director to Non-Executive Director, subject to shareholder approval; he holds about 48.06 lakh shares. The Audit, Nomination & Remuneration, and Stakeholder Relationship Committees were reconstituted to fill the vacancies. The Board also approved Q3 FY26 standalone results: revenue from operations fell to Rs 1,652.91 lakh from Rs 2,236.32 lakh in Q2 FY26, and the company swung to a net loss of Rs 10.93 lakh versus a profit of Rs 122.99 lakh in the previous quarter. For nine months FY26, total comprehensive income stood at Rs 231.15 lakh versus Rs 339.34 lakh a year earlier.
Simultaneous exits of the CFO and an Independent Director, combined with the Managing Director stepping down to a Non-Executive role, indicate significant top-management churn that may worry shareholders on governance grounds. The sharp drop in quarterly revenue and a return to loss versus the prior quarter is an additional negative signal for short-term earnings momentum.