Resignation of CFO
Awaiting price reaction for this filing.
RCC Cements Ltd's board accepted the resignation of Mr. Soban Singh Aswal as Chief Financial Officer (CFO) effective 3rd November 2025, citing personal reasons. On the same day, the board appointed Mr. Rachit Garg as the new CFO. Mr. Rachit Garg is an MBA in Finance & Marketing with over 10 years of experience in legal, accounts and finance, previously working with Geiper Consulting Pvt Ltd. Additionally, the board had earlier accepted the resignation of Mrs Shimpy Goyal as Company Secretary and Key Managerial Personnel effective 26th October 2025. The resignation letter has been submitted to BSE.
The CFO position is filled on the same day with an immediate replacement, ensuring continuity in financial leadership. However, the back-to-back resignations of two key managerial personnel (CFO and Company Secretary) within a short span may raise minor governance concerns among retail investors, though no adverse reasons were cited.