Please find the attached outcome of Board Meeting for chnage in CFO.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.3 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 11 December 2025, the board of Retaggio Industries Ltd approved the resignation of Mr. Noratan Singh Rao from the positions of Director and Chief Financial Officer, effective immediately. In the same meeting, the board appointed Mr. Savinay Lodha as the new Chief Financial Officer, also with immediate effect. Mr. Savinay Lodha is already the Managing Director of the company and is related to Mrs. Nidhi Lodha, a Non-Executive Director, indicating a promoter-family connection. No reason for the outgoing CFO's departure was disclosed, and the new CFO holds a B.Com degree with experience in the ornaments and jewellery business.
The CFO change is a key management transition. The incoming CFO is the existing Managing Director from a promoter family, which concentrates authority in related parties and may raise governance concerns for minority shareholders. Investors should watch for clarity on the search for an independent CFO replacement.