Please find attached intimation letter together with additional disclosure
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PS IT Infrastructure & Services Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP), has accepted the resignation of its Chief Financial Officer, Mr. Rajesh Baliram Patole. The CFO submitted his resignation on 23rd May 2026, citing the initiation of the CIRP process and personal reasons, and it was accepted by the Resolution Professional on 4th June 2026 with the approval of the Committee of Creditors (CoC). The company is being managed by Interim Resolution Professional Mr. Rajneesh Kumar Aggarwal, and no replacement details have been disclosed yet.
This is a negative signal for shareholders — the company is already in insolvency proceedings and the exit of a key finance executive adds to management instability, which may further delay the resolution process and weigh on the stock.