Mr. Sanjiv Agarwal, Chief Financial Officer (CFO) of the Company left for his heavenly abode on 6th May 2025. The Companye expresses its deepest condolence on his sad demise.
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Lyons Corporate Market Ltd has informed stock exchanges that its Chief Financial Officer, Mr. Sanjiv Agarwal, passed away on 6th May 2025. The company has formally disclosed this under SEBI Listing Regulations, citing 'death' as the reason for cessation. Mr. Agarwal ceases to be a Key Managerial Personnel (KMP) of the company with effect from 6th May 2025. The board expressed condolences and acknowledged his services during his tenure. No successor has been named in this filing, and the company will need to appoint a new CFO as required under the Companies Act.
The CFO position is now vacant, which is a key managerial role. The company will need to appoint a replacement within the timeframe prescribed by law. This is a sensitive personnel matter with no immediate financial impact, but investor focus may shift to who is appointed as the new CFO and how soon.