Regarding this company wants to clarify that due to some technical issue with portal that time company unable to submit certificate of announcement with 24 hours to exchange and not mention ....
Awaiting price reaction for this filing.
Asian Fertilizers Ltd informed the stock exchange that its Chief Financial Officer, Mr. Shashi Srivastava, resigned effective May 30, 2024, citing personal issues and unavoidable circumstances, with no other material reason disclosed. To fill the vacancy, the board approved the appointment of Mr. Shobhit Matanhelia, an existing Whole Time Director of the company since 2015, as the new CFO and Key Managerial Personnel effective August 14, 2024. Mr. Matanhelia holds an MBA in Finance and has experience in financial planning and reporting. The company also noted a technical portal issue that delayed the original announcement submission beyond the required 24-hour window.
The CFO change is an internal transition as the existing Whole Time Director takes on the additional finance role, which may provide continuity but also concentrates responsibilities. For shareholders, this means no major strategic disruption but warrants monitoring of how the dual role is managed and any delays in financial reporting.