Puravankara Limited has informed the Exchange regarding Appointment and elevation of Mr Niraj Kumar Gautam as Chief Financial Officer of the company w.e.f. September 24, 2025.
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Puravankara Limited has informed the stock exchanges that Mr. Deepak Rastogi has resigned as Group CFO and Key Managerial Personnel of the company, effective from the close of business hours on September 23, 2025, citing personal reasons. In his place, Mr. Niraj Kumar Gautam, who currently serves as Deputy CFO, has been elevated to the role of CFO effective September 24, 2025, subject to approval by the Nomination and Remuneration Committee and the Board. Mr. Gautam is a strategic finance leader with over 23 years of experience in corporate finance, capital markets, taxation, and investor relations, and has led capital raising efforts exceeding ₹15,000 crore in the real estate and infrastructure sector. The transition is being managed smoothly through an internal promotion rather than an external hire.
This is a routine internal succession at the CFO level, which is generally neutral for shareholders. The seamless internal elevation suggests continuity in financial strategy, though investors may watch for any further clarity on why the outgoing CFO left and the strategic direction under the new CFO.