Change In Management Under Regulation 30 of SEBI (LODR) Regulation, 2015 for your reference
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RLF Ltd announced four management changes effective 29th May 2025. Mr. Karm Sawhney was appointed as an Additional Independent Director for a 5-year term. Mr. Ashish Khanna resigned as CFO, citing personal commitments, and was simultaneously redesignated from Executive Director to Non-Executive Non-Independent Director. Mr. Aditya Khanna, the existing Managing Director, was appointed as the new CFO. Notably, Aditya Khanna and Ashish Khanna are related family members, and the MD is now also holding the CFO position. The new Independent Director is described as a practicing Company Secretary with consultancy experience.
Combining the MD and CFO roles in one person raises governance concerns for minority shareholders, as it concentrates financial oversight and management authority in a single individual. Investors should watch for shareholder approval outcomes at the next general meeting, as the appointments are subject to member ratification.