Race Eco Chain Limited has informed the Exchange about Resignation of Director/KMP/SMP
RACE · price
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Mr. Piyanshu Sharma has tendered his resignation as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Race Eco Chain Limited, effective from the closing hours of 12th May, 2026. The company stated the reason as 'personal reasons' and confirmed there are no material reasons behind the resignation. Mr. Sharma had no shareholding in the company. The board expressed appreciation for his contributions and stated that the company is actively seeking a suitable replacement for the CFO position, which will be intimated to the exchanges in due course.
The sudden resignation of the CFO creates a temporary leadership gap in the finance function, which may raise concerns about operational continuity and financial oversight until a replacement is appointed. Investors should monitor for the appointment of a new CFO as this is a key governance update.