Considered and accepted resignation of Parth ketanbhai patel from the office of CFO
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Rajkot Investment Trust held its board meeting on May 26, 2025, and approved several key changes. The company accepted the resignation of Mr. Parthkumar Ketanbhai Patel as Chief Financial Officer, citing other work commitments, and appointed Mrs. Radhika Ben Patel as the new Chief Compliance Officer (CCO). Mr. Akhilesh Kumar Choudhary was appointed as Additional Director in the Non-executive Chairman category, subject to shareholder approval. Independent Director Mr. Hemant Naginbhai Patel also resigned, leading to the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The board also approved audited standalone and consolidated financial results for the half-year and full year ended March 31, 2025, and noted the in-principle approval (dated April 30, 2025) for a proposed rights issue of fully paid-up equity shares.
Multiple senior-level changes (CFO exit, independent director exit, new chairman) signal meaningful board-level reshuffling, though a new CFO/CCO has been appointed to ensure continuity. The in-principle approval for a rights issue suggests the company may raise fresh capital from existing shareholders in the near term, which could dilute holdings but also strengthen the balance sheet.