Pursuant to Regulation 30 of SEBI (LODR), 2015, please be informed that Mr. Suvabara De, presently Manging Director, has been designated as the CFO and KMP of the Company.
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Lyons Corporate Market Ltd has designated Mr. Suvabrata De, who is currently the Managing Director of the company, as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective 21 May 2025. This appointment follows the earlier cessation of Mr. Sanjiv Agarwal from the CFO position, which was intimated to the exchange on 7 May 2025. Mr. De brings over 20 years of experience in finance, accounting, taxation, and corporate financial management. He will hold both the MD and CFO roles simultaneously. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), 2015.
For shareholders, this means the same person now holds both the Managing Director and CFO positions, which may raise minor governance concerns around segregation of duties, though it also brings finance leadership continuity since Mr. De was already running operations as MD. There is no immediate impact on share price expected from this internal designation.