APPOINTMENT OF CHIEF FINANCIAL OFFICER (CFO) AND KEY MANAGERIAL PERSONNEL (KMP)
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Pet Plastics Ltd has announced that its Chief Financial Officer and Key Managerial Personnel, Mr. Prajesh Pravinbhai Chaudhary, has resigned effective close of business hours on August 12, 2025, citing other professional/personal commitments. The Board has appointed Mr. Santosh Shahadeo Unmegh as the new CFO and KMP effective August 13, 2025, based on recommendations from the Nomination and Remuneration and Audit Committees. Mr. Unmegh is a B.Com graduate with over 15 years of experience in accounts, finance, taxation, statutory compliance, and financial reporting. He will oversee financial management, budgeting, compliance, and certifying financial results, reporting to the Managing Director and the Board.
This is a routine back-to-back CFO transition with no gap in financial leadership, which should reassure shareholders. Investors may want to monitor how the new CFO's strategic priorities and any shifts in financial reporting or capital allocation play out in upcoming quarterly results.