The Cheif Financial officer of the Company Mr. Milan Bhaya has resigned w.e.f. the end of office hours as on 20th May, 2025.
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MPL Plastics Ltd has informed the stock exchanges that its Chief Financial Officer, Mr. Milan Bhaya, has resigned with effect from the end of office hours on May 20, 2025. Mr. Bhaya cited better prospects as the reason for his departure in his resignation letter to the Board. The company has stated that a new CFO will be finalized at the upcoming Board meeting scheduled for May 28, 2025. No further details on a transition plan or interim arrangement were disclosed in the filing.
The immediate exit of a key financial executive can create short-term uncertainty around financial reporting continuity, though the company has moved quickly by convening a Board meeting within 8 days to appoint a replacement. Investors will be watching the new CFO appointment closely as it can influence the company's financial strategy and disclosures.