Resignation of CFO

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Next day

₹46.41

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+4.8% vs market

Non Banking Financial Company (NBFC) peers, median of 194sector+0.3%+4.7% vs sector

By the next day the stock moved 4.8 pts more than Nifty Microcap 250 and 4.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+5.0+0.2+4.8+0.3+4.7

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 194Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajkot Investment Trust Ltd held a board meeting on May 26, 2025, where it accepted the resignation of Mr. Parthkumar Ketanbhai Patel from the post of Chief Financial Officer, effective the same day. Mr. Patel cited other work commitments and inability to devote time as the reason for stepping down. The company has appointed Mrs. Radhika Ben Patel as Chief Compliance Officer (also referred to as CFO in the filing) to fill the vacancy. The board also approved the audited financial results for the half year and full year ended March 31, 2025, noted the in-principle approval for a proposed Rights Issue of equity shares, appointed Mr. Akhilesh Kumar Choudhary as Additional Director (Non-executive Chairman), and accepted the resignation of Independent Director Mr. Hemant Naginbhai Patel. The Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were reconstituted following the independent director's exit.

Likely market impact

The CFO change appears routine and is immediately filled, limiting any operational disruption. Investors should note the simultaneous exit of an Independent Director and board reshuffle, which may warrant attention to governance continuity ahead of the planned Rights Issue.