Relaxo Footwears Limited has informed the Exchange regarding Cessation of Mr Sushil Batra as Chief Financial Officer of the company w.e.f. May 15, 2025.
RELAXO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.1 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Relaxo Footwears announced that Mr Sushil Batra has relinquished the position of Chief Financial Officer (CFO) effective from the close of business hours on May 15, 2025, as part of the company's planned CFO succession. Mr Batra will continue to serve on the Board as Executive Director, providing continuity. The Board has appointed Mr Prince Jain as the new CFO and Key Managerial Personnel effective May 16, 2025. Mr Prince Jain is a Chartered Accountant (All India Rank 1) and Company Secretary (All India Rank 6) with over 16 years of experience. He was previously Director – Finance and CFO at Kimberly-Clark India, and has held roles at Hindustan Unilever and PepsiCo India. The Board recorded its appreciation for Mr Batra's contributions during his tenure as CFO.
This is a planned, orderly succession with Mr Batra staying on as Executive Director, which should reassure investors about continuity. The new CFO brings strong credentials from leading multinational consumer companies, potentially bringing best-in-class financial practices to Relaxo. Short-term stock impact is expected to be neutral.