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BSEMadhusudan Securities Ltd· FinanceHighNeutral
Announced Tue, 9 Dec, 2025 · 23:06 IST

Resignation of Ms. Sausan Bikhari as CFO and Appointment of Mr. Vishwanatha Srinivas as CFO

CFO resignedKey managerial personnel resignedManagement Changes View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-0.8%Reaction day
₹26.51
prior close
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announcement price
After-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-0.2% vs market
Non Banking Financial Company (NBFC) peers, median of 195sector+0.0%-0.8% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 195Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MSL Global Limited (formerly Madhusudan Securities Limited) has announced a change at the Chief Financial Officer position effective December 9, 2025. Mrs. Sausan Bukhari has resigned as CFO, stating she wishes to step away from day-to-day operational duties to focus on the company's broader strategic direction, governance, and long-term planning as a board member. Mr. Vishwanatha Srinivas has been appointed as the new CFO on the same date. He brings over 20 years of experience in Finance, Accounts, Budgeting, Taxation, Insurance, Secretarial, and Legal, and has previously worked with companies like Punjab Chemicals & Crop Protection Ltd, UPL Limited, SRF Limited, and Samtel Color Ltd. The change has been approved by the Board and disclosed under SEBI Listing Regulations.

Likely market impact

This is a planned CFO succession with the outgoing CFO continuing as a board member, suggesting continuity in strategic oversight. The incoming CFO has solid experience across finance functions from reputed listed companies, which should be reassuring for shareholders. No immediate material impact on stock price is expected.