Naga Dhunseri Group Limited has informed the Exchange regarding Resignation of Mr Ayush Beriwala as Chief Financial Officer of the company w.e.f. March 31, 2026.
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Naga Dhunseri Group's board, meeting on 12 February 2026, accepted the resignation of Mr. Ayush Beriwala as Chief Financial Officer (CFO) effective 31 March 2026, citing personal reasons. Mr. Sudarshan Mall, an internal candidate with 15+ years of experience and CFA/FRM credentials, has been appointed as the new CFO w.e.f. 15 April 2026. Additionally, Mr. H.P. Bhuwania has been re-appointed as CEO for another one-year term from 1 March 2026 to 31 March 2027. For Q3 FY26 (standalone), the company reported a loss after tax of Rs 334.01 lakhs versus a profit of Rs 41.72 lakhs in the year-ago quarter, mainly due to unrealised fair value losses on investments. On a consolidated basis, Q3 profit after tax stood at Rs (1,116.25) lakhs, while 9M FY26 consolidated PAT was Rs 3,005.85 lakhs, supported by the tea segment.
Continuity is maintained as the CFO transition is internal (Mr. Mall has been with the group since 2017) and the CEO is re-appointed, reducing key management risk. Standalone losses from treasury mark-to-market revaluation may concern income-focused investors, but consolidated profitability driven by tea operations provides comfort. Watch for short-term sentiment impact from CFO change, though long-term effect should be neutral.