Announced Thu, 22 Oct, 2026 · 15:57 IST
CFO resigns, replacement named; board alters IPO object clauses
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Board met on 22 Oct 2026 and approved: (1) altering the objects of the IPO for which funds were raised, (2) a postal ballot notice to seek shareholder approval for the change, and (3) appointment of a scrutinizer for the postal ballot. The board also accepted the resignation of CFO Ms. Dhara Jatin Vekariya and appointed Mr. Shubham Pravinbhai Sagpariya as the new CFO in her place, both effective 22 Oct 2026.
Likely market impact
IPO object change means funds raised may be used for purposes different from what was promised, needing shareholder approval. CFO change is a routine succession.