Resignation of CFO
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
In a single board meeting on 5 August 2025, the company accepted the resignations of two senior executives effective the same day. Mr. Jinen Manoj Shah stepped down as Chief Financial Officer (CFO), and Mrs. Ami Jinen Shah (DIN: 06792048) resigned from her role as Whole Time Director. Both cited 'personal and unavoidable circumstances' as the reason. The company has not yet disclosed any replacement appointments. Resignation letters were enclosed with the filing. Notably, Mrs. Shah's letter mentions an effective date of 5 July 2025 while the board outcome cites 5 August 2025 — a minor inconsistency.
The simultaneous exit of the CFO and Whole Time Director, both from the same family (Shah), at a small NBFC may raise short-term governance and continuity concerns. Until replacements are announced, investors may want to watch for any disruption to financial reporting or operations.