Relaxo Footwears Limited has informed the Exchange regarding Appointment of Mr. Prince Jain as Chief Financial Officer of the company w.e.f. May 16, 2025.
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Relaxo Footwears has carried out a planned CFO succession. Sushil Batra, who was both Executive Director and CFO, has stepped down from the CFO role with effect from the close of business on May 15, 2025, as part of the company's succession plan. He will continue as Executive Director on the board. Prince Jain has been appointed as the new CFO and Key Managerial Personnel, effective May 16, 2025. Prince Jain brings over 16 years of finance experience and was most recently CFO and Director of Finance at Kimberly-Clark India; he has also held senior roles at Hindustan Unilever and PepsiCo India, and is a Chartered Accountant (All India Rank 1) and Company Secretary (All India Rank 6). The change was approved at the board meeting held on May 15, 2025.
The transition is described as a planned succession, so it should be seen as orderly rather than disruptive. Continuity on the board is maintained since Sushil Batra stays on as Executive Director, while the new CFO's strong consumer-industry background may be viewed positively by investors. No impact on financials or strategy is indicated in this filing.