Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations ('LODR Regulations™), this is to inform you that the ....
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Aar Shyam India Investment Company Limited announced multiple leadership changes effective May 14, 2026. Ms. Pushpa Joshi resigned as Chief Financial Officer (CFO) citing personal reasons. The company immediately appointed Ms. Perla Pavani (DIN: 11013729) as both CFO and Additional Executive Director for a 3-year term (subject to shareholder approval). Ms. Pavani holds a B.Tech in Computer Science and has no prior relationship with the company. Separately, Mr. Abhijeet Yashwant Nagrale resigned as Non-Executive Independent Director, also citing personal reasons. Prior to his departure, Mr. Nagrale served as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.
The simultaneous resignation of both the CFO and an Independent Director chairman on the same day may raise concerns about governance stability. However, the immediate appointment of Ms. Perla Pavani to dual roles (CFO and Director) ensures continuity in financial leadership, though the combined position increases her responsibilities significantly.