Due to resignation of Mr. Sarojnath Awdhesh Mishra, CFO the Structure of KMP of the Company has been changed. Hence update KMP Structure is attached herewith.
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Prashant India Ltd has informed the stock exchange that its Chief Financial Officer, Mr. Sarojnath Awadhesh Mishra, has resigned from the company. As a result, the Key Managerial Personnel (KMP) structure has been revised under SEBI Listing Regulations. The current authorized KMPs are now Mr. Prabhudas Mohanbhai Gondalia (Managing Director) and Ms. Swati Joshi (Company Secretary). The company has not yet announced a replacement CFO.
The resignation of the CFO leaves a key financial leadership position vacant, and the company is currently without a CFO, which could raise governance concerns as listed companies are required to have a CEO/MD, CFO, and Company Secretary. Investors should watch for an announcement of a new CFO appointment; until then, this may be viewed as a minor negative signal for governance.