Intimation of Resignation of Mr. Gourav Modi as the Chief Financial Officer of the Company.
ORIENTTECH · price
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Orient Technologies Ltd announced the resignation of Mr. Gourav Modi as Chief Financial Officer (CFO), effective from the close of business hours of June 25, 2026, citing personal reasons. The resignation was disclosed in a Board Meeting outcome filing dated May 27, 2026. The same meeting also approved the audited financial results for Q4 and FY2026, showing consolidated revenue of Rs 86,954.45 lakhs and profit after tax of Rs 457.00 lakhs, with standalone PAT at Rs 278.81 lakhs. The company disclosed exceptional items of Rs 444.80 lakhs related to the loss of a major customer. The CFO departure leaves a key managerial position vacant and creates uncertainty around the company's financial leadership transition.
The CFO resignation adds to the uncertainty around the company's management stability, particularly following the loss of a major customer and significant write-offs. Shareholders should monitor for the appointment of a new CFO, as this could impact investor confidence in the near term.