Puravankara Limited has informed the Exchange about resignation of Mr. Deepak Rastogi as Group CFO w.e.f. closure of business hours of 23rd September 2025 and appointment and elevation of Mr. Niraj Kumar Gautam as CFO of the Company w.e.f., 24th September 2025
PURVA · price
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Puravankara Limited has announced a change at the top finance role. Mr. Deepak Rastogi has resigned as Group CFO and Key Managerial Personnel, effective close of business hours on September 23, 2025, citing personal reasons. Mr. Niraj Kumar Gautam, who was serving as Deputy CFO, has been elevated to the position of CFO effective September 24, 2025, subject to approval by the Nomination and Remuneration Committee and the Board. Niraj Kumar Gautam brings over 23 years of experience in corporate finance, capital markets, taxation, and investor relations, with a track record of leading capital raises exceeding INR 15,000 crore in the real estate and infrastructure sectors. This is an internal succession with no external hire.
Smooth internal transition as the new CFO is already familiar with the company's finances. Investors may view this positively given the incoming CFO's strong capital markets and fundraising experience, which is important for a real estate company needing consistent capital deployment. Short-term stock reaction is expected to be neutral.