Mahindra Holidays & Resorts India Limited has informed the Exchange regarding Resignation of Mr. Vimal Agarwal as Chief Financial Officer of the company w.e.f. 30th June 2026.
MHRIL · price
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Mr. Vimal Agarwal has resigned as CFO and Key Managerial Personnel effective June 30, 2026, to take up a new role within the Mahindra Group. The company has appointed Mr. Rajiv Vimal as the new CFO and KMP effective July 1, 2026. Rajiv Vimal brings over two decades of finance experience, currently serving as CFO of PPG Asian Paints Private Limited (a PPG-Asian Paints joint venture) and previously held senior finance roles at Vodafone for over 13 years. He is a Chartered Accountant and B.Com graduate from St. Xavier's College, Kolkata. The appointment was approved based on recommendations from the Nomination and Remuneration Committee and Audit Committee.
The transition appears orderly with a smooth handover planned over June 2026. The replacement brings strong external finance credentials which could be positive for governance. The internal transfer suggests no major strategic divergence.