Puravankara Limited has informed the Exchange regarding Resignation of Mr Deepak Rastogi as Group Chief Financial Officer of the company w.e.f. September 23, 2025.
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Puravankara Limited has informed the stock exchanges that Mr. Deepak Rastogi has resigned as Group Chief Financial Officer and Key Managerial Personnel of the company, effective from the close of business hours on September 23, 2025. In his resignation letter, Mr. Rastogi cited personal reasons with no other reason specified. To ensure continuity, Mr. Niraj Kumar Gautam has been elevated from Deputy CFO to CFO and KMP, effective September 24, 2025, subject to approval from the Nomination and Remuneration Committee and the Board. Mr. Gautam brings over 23 years of experience in corporate finance, capital markets, taxation, and investor relations, and has previously led capital raising efforts exceeding Rs 15,000 crore in the real estate and infrastructure sector.
For shareholders, this is a smooth internal transition with no disruption, as the new CFO is an existing Deputy CFO already familiar with the company's finances. The quick replacement minimises governance uncertainty, though investors should watch for further clarity on the CFO change in upcoming Board and NRC meetings.