Resignation of Chief Financial Officer (CFO) of the company
Awaiting price reaction for this filing.
Mr. Prabhaker Reddy Aedla has resigned from his position as both Managing Director and Chief Financial Officer (CFO) of Seshachal Technologies Limited with effect from the close of business on 23 April 2026. The reason stated for his resignation is pre-occupation. In the same board meeting, Mr. Raj Singh Rawat has been appointed as Additional Director, designated as Managing Director for a period of five years, and also as the new CFO of the company. Mr. Raj Singh Rawat is described as a seasoned professional with extensive experience in finance and administration. He is not related to any existing directors and is not debarred from holding a directorial position.
The dual departure of both the Managing Director and CFO roles held by one person may raise governance concerns in the short term. However, the immediate appointment of Mr. Raj Singh Rawat to both positions ensures continuity of leadership and avoids a vacuum in key managerial roles.