Resignation of CFO
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At a board meeting on May 26, 2025, Rajkot Investment Trust approved its audited financial results for the half-year and full year ended March 31, 2025, with an unmodified audit opinion. The board accepted the resignation of CFO Parthkumar Ketanbhai Patel, who cited inability to devote time due to other work commitments, and appointed Mrs. Radhika Ben Patel as the new CFO. Additionally, Independent Director Hemant Naginbhai Patel resigned, triggering reconstitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship committees. The board also took note of in-principle approval received on April 30, 2025 for a proposed rights issue of fully paid-up equity shares, and appointed Mr. Akhilesh Kumar Choudhary as Additional Director in the Non-executive Chairman category.
The CFO changeover with an immediate replacement should help maintain operational continuity, though the simultaneous exit of an independent director may draw mild governance scrutiny from investors. The rights issue in-principle approval is a forward-looking positive that could expand the capital base if it moves ahead.