Announced Wed, 13 May · 22:58 IST

Please find attached intimation of resignation of Mr. S Gautham from the position of CFO of the Company.

Cfo ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹734.55
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-2.3-6.1-5.7-6.3-6.6-8.4-4.9-6.3+0.3
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AI summary

Mr. S Gautham, Chief Financial Officer and Key Managerial Personnel (KMP) of Lotus Chocolate Company Limited, tendered his resignation on May 1, 2026. The Board accepted his resignation, and he was relieved from services effective close of business hours on May 13, 2026. Gautham cited personal career considerations and his intention to explore opportunities outside the Company as reasons for the exit. The company, listed on BSE with scrip code 523475, filed this disclosure under SEBI Listing Regulation 30.

Likely market impact

The departure of the CFO and KMP is a significant governance event. Until a replacement is appointed, the company faces a leadership gap in its finance function, which could be a concern for investors and may attract regulatory or market attention.