Based on the information received today, we regret to inform you of the Sudden and Sad Demise of Mr. Ramswarup Jalan, Chief Financial Officer (CFO) of the Company on Saturday, April 12, ....
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Kajal Synthetics & Silk Mills Ltd has informed the stock exchanges about the sudden and sad demise of its Chief Financial Officer, Mr. Ramswarup Jalan, on Saturday, April 12, 2025. The Board of Directors and employees have expressed deep condolences to his family. The company has disclosed this under Regulation 30 of SEBI Listing Regulations as a change in Key Managerial Personnel, with the date of cessation recorded as April 12, 2025. As of the filing, no replacement CFO has been named. The intimation was signed by Managing Director Seetha Ramaiya K. Vellore on April 15, 2025.
This is a key management change caused by an unforeseen event. The company now has a vacancy at the CFO level, which may create short-term uncertainty around financial reporting and disclosures until a replacement is appointed. Investors should watch for a follow-up announcement naming a new CFO.