Laxmi India Finance Limited has informed the Exchange regarding Resignation of Mr. Siddharth Modi as Chief Technology Officer of the company w.e.f. October 14, 2025.
LAXMIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Siddharth Modi has stepped down from his role as Chief Technology Officer (CTO) of Laxmi India Finance Limited, effective October 14, 2025. As CTO, he was classified as a Key Managerial Person (KMP) under company law. The exchange filing does not provide a reason for his exit or mention an immediate successor. For an NBFC like Laxmi India Finance, the CTO oversees the tech backbone that powers loan disbursal, collections, and regulatory reporting.
Likely a neutral-to-mildly-negative signal in the short term. Investors may want to watch for a replacement announcement and any commentary on technology strategy during the next earnings call, as leadership gaps in tech at an NBFC can raise operational concerns.