Noted that Mr. Kishore Kargeti CFO of the company resigned from this position
Awaiting price reaction for this filing.
BCL Enterprises announced that Mr. Kishore Kargeti has resigned as Chief Financial Officer and Key Managerial Personnel with immediate effect from December 5, 2025, citing personal reasons related to workload and the need to balance professional and personal commitments. The board has accepted his resignation and noted his contribution. Simultaneously, Mr. Shahzaib Nawaz, a qualified Chartered Accountant with an MBA in Finance and over 9 years of experience in accounts, finance, taxation, and financial reporting, has been appointed as the new CFO and KMP effective the same date. Additionally, the board approved the issuance of secured, unlisted, unrated, redeemable non-convertible debentures (NCDs) aggregating up to INR 200 crores on a private placement basis, with a 5-year tenor and 13% p.a. IRR compounded monthly.
For shareholders, the CFO transition appears orderly with an immediate replacement already in place, limiting continuity risk. The INR 200 crore NCD issuance will increase the company's debt, and the high 13% IRR suggests the borrowing cost is significant — investors should watch for how this funds the company's growth and impacts future interest obligations.