Resignation of Chief Financial Officer of the company
Awaiting price reaction for this filing.
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) announced that its Chief Financial Officer, Mr. Shrenik D. Choudhari, has resigned with effect from the close of business hours on 18th April 2025. The CFO cited personal reasons and a desire to explore other professional opportunities, and confirmed there are no other material reasons behind his exit. The Board accepted the resignation at its meeting held the same day and acknowledged his services during his tenure. Additionally, the Board re-appointed M/s Shrenik Nagaonkar & Associates as Secretarial Auditor and CA Nilesh Kothari as Internal Auditor for FY2025-26.
The departure of the CFO is a key managerial change that may create short-term uncertainty around financial reporting and leadership continuity. Retail investors should watch for the appointment of a new CFO, as prolonged vacancy at this level can sometimes affect investor confidence and governance perception.