RELAXONSERelaxo Footwears Limited· Leather And Leather ProductsHighNeutral
Announced Thu, 26 Mar · 17:39 IST

Relaxo Footwears Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026 - Appointment of Chief Financial Officer of the Company

Management Changes View source PDF

RELAXO · price

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Price reaction · full curve 14 horizons · vs prior close
-10.4%1-day move
₹266.00
prior close
₹264.10
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AI summary

Relaxo Footwears has appointed Mr. Amit Roy as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective April 1, 2026, following a board meeting on March 26, 2026. Mr. Roy is a Chartered Accountant and Cost Accountant with over 30 years of experience in finance, accounts, treasury, and taxation. He has been with Relaxo for the last 13 years, heading the Taxation Department as Senior General Manager–Finance, and previously held senior finance roles at Dalmia Group's Caretel Infotech and Jubilant Organosys. The appointment is essentially an internal promotion, suggesting a planned succession at the finance leadership level.

Likely market impact

This is an internal promotion, which signals continuity in financial leadership and should be viewed positively by shareholders. Smooth CFO transitions with insider knowledge of the business generally support stable financial planning and reporting.