Omaxe Limited has informed the Exchange regarding Cessation of Mr Manoj Kumar Dua as Chief Financial Officer of the company w.e.f. August 13, 2025.
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Omaxe Limited's board, at its meeting on August 13, 2025, approved several key changes. Mr. Manoj Kumar Dua stepped down as Chief Financial Officer effective close of business on August 13, 2025, but continues in senior management as President-Corporate Accounts. Mr. Atul Banshal, currently Director-Finance at Omaxe and a seasoned finance professional with over 20 years of experience in real estate finance, was appointed as the new CFO (designated Director-Finance & CFO) from August 14, 2025. The board also approved the re-appointment of Mr. Aroon Kumar Aggarwal as Non-Executive & Independent Director for a second 5-year term effective May 27, 2026, and the re-appointment of Mr. Vinit Goyal as Whole-Time Director for a second 5-year term effective April 12, 2026, both subject to shareholder approval. Additionally, DMK Associates, Company Secretaries was appointed as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30, pending shareholder approval at the next AGM.
The CFO transition appears orderly, with the outgoing CFO retained in senior management and an internal candidate (already heading the finance department) elevated, suggesting continuity in financial leadership. The re-appointments of two directors and a new secretarial auditor indicate routine governance housekeeping with no apparent disruption to shareholders.