Intimation for the Resignation tendered by the Chief Financial Officer of the company.
RACE · price
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Mr. Piyanshu Sharma has resigned as Chief Financial Officer and Key Managerial Personnel (KMP) of Race Eco Chain Ltd, effective from the closing hours of 12th May, 2026. The resignation is due to personal reasons. The company has expressed appreciation for his contribution to the organization's growth. The company is currently searching for a suitable replacement and will announce the new appointment in due course. The company has confirmed that there are no material reasons for the resignation beyond personal reasons, as certified by Mr. Sharma himself.
The departure of the CFO creates a key leadership gap at Race Eco Chain Ltd. Until a replacement is appointed, investors should monitor for potential impacts on financial operations and reporting. The market may view this as a short-term governance concern, especially given that the CFO position remains vacant.