Rajoo Engineers Limited has informed the Exchange regarding Appointment of Mr Chintan B. Malkan as Chief Financial Officer of the company w.e.f. Jun 17, 2025.
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Rajoo Engineers Limited held a board meeting on June 17, 2025, where it approved multiple key changes. Mr. Chintan B. Malkan (40, with 20+ years of finance experience and 17 years already at Rajoo) was appointed as the new Chief Financial Officer. Mr. Rajesh N. Doshi was re-designated as Chairman, while Mr. Pratik R. Kothari moved from Chairman to Non-Executive Non-Independent Director. The company also appointed Mr. Hasmukhlal A. Manavadaria as a new Independent Director for a 5-year term. Additionally, the Board noted BSE's earlier notice flagging non-compliance with Regulation 17(1) (board composition requirements) for the quarter ended September 2024, suggesting the new independent director appointment is likely aimed at addressing this compliance gap.
The internal CFO promotion (a 17-year veteran) signals continuity in financial leadership, while the new independent director strengthens board composition and likely resolves the prior SEBI Listing Regulation 17(1) non-compliance flagged by BSE. Shareholders should see this as a positive governance cleanup rather than a disruptive change, though no immediate operational or financial impact is expected from the reshuffle.