Relinquishment from the position of Chief Financial Officer (CFO) of the Company
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Mr. Udit Sanghai has stepped down from the post of Chief Financial Officer (CFO) of Polo Queen Industrial and Fintech Ltd, effective from the close of business hours on April 21, 2025. Importantly, he will continue to remain associated with the company and serve as a Whole-time Director, so this is a change in role rather than an exit from the board. The Board of Directors has accepted the relinquishment and noted it on record. No reason for the change or any replacement CFO appointment has been disclosed in this filing.
Since Mr. Sanghai is only giving up the CFO title and will continue as Whole-time Director, the immediate impact on shareholders is limited. However, the company has not announced a new CFO, which leaves a key financial role vacant and may need to be filled soon to avoid governance or operational gaps.