Nureca Limited has informed the Exchange regarding Resignation of Naresh Gupta as Chief Financial Officer of the company w.e.f. Jun 26, 2026.
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Nureca Limited's Board meeting on May 29, 2026 addressed multiple items. Mr. Naresh Gupta resigned as CFO effective June 26, 2026 citing better career opportunities, and Mr. Chander Kant (previously Manager Finance) was promoted to CFO effective June 27, 2026. The company reported FY26 revenue of Rs 1,472.10 million (up 28% YoY) with profit after tax of Rs 2.97 million, though Q4 saw a loss of Rs 66.25 million due to Rs 83.37 million fair value loss on investments. Three Goyal family members were reappointed or newly appointed to key director roles: Mr. Aryan Goyal (CEO), Mr. Saurabh Goyal (MD), and Ms. Smita Goyal (sister-in-law/spouse of the other two) as Additional WTD. The board approved Rs 100 crore capex for manufacturing expansion at Derabassi, Punjab. A share buyback at Rs 330/share was completed in Q3 FY26.
The CFO transition appears smooth with an internal replacement, but the appointment of three related family members to the board raises governance concerns. Strong FY26 revenue growth is positive, though Q4 losses from investment mark-to-market warrant monitoring.