We hereby inform you that Mr. Anand Chaturvedi has tendered his resignation from the post of Chief Financial Officer (CFO) of the Company w.e.f closure of business hour of 16th April 2025
RMC · price
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Mr. Anand Chaturvedi has resigned as the Chief Financial Officer (CFO) and Key Managerial Person (KMP) of RMC Switchgears Limited, effective from the close of business hours on 16th April 2025. The resignation letter was dated 12th April 2025 and the reason cited is personal reasons. The management has accepted his resignation and he has been relieved from his responsibilities. The company has disclosed this under SEBI Listing Regulations, but has not yet announced a replacement CFO.
The company has lost a key finance executive without an immediate replacement announced, which may raise short-term governance concerns among shareholders. However, since the resignation is due to personal reasons and not any stated disagreement or financial issue, the impact on the stock is likely to be limited.