Please find the attached outcome of Board meting.
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▲ 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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The board of Retaggio Industries Ltd, at its meeting on December 11, 2025, accepted the immediate resignation of Mr. Noratan Singh Rao from the positions of Director and Chief Financial Officer. Simultaneously, the board appointed Mr. Savinay Lodha as the new Chief Financial Officer with immediate effect. Notably, Mr. Savinay Lodha is already the Managing Director of the company and is related to Mrs. Nidhi Lodha, a Non-Executive Director. No reasons for the outgoing CFO's resignation were disclosed beyond a standard gratitude note.
The change combines the MD and CFO roles under one person (Mr. Savinay Lodha), concentrating significant financial and executive power. For retail investors, this raises questions on governance checks and balances, and the abrupt CFO exit without stated reasons may warrant closer scrutiny of the company's financials and any related disclosures.