Resignation of CFO
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Royale Manor Hotels & Industries Ltd announced that its Chief Financial Officer, Mr. Devraj Singh Chauhan, has resigned from the post effective end of business hours on June 3, 2025, citing personal reasons. The Board noted the resignation at its meeting held on June 4, 2025. In the same meeting, the Board appointed Ms. Sonu Shah as the new CFO with effect from June 4, 2025. Ms. Shah is a qualified post-graduate with experience in accounting, budgeting, statutory compliance, and financial planning and reporting.
The transition is smooth with an immediate replacement, reducing any operational uncertainty for shareholders. Such CFO changes in small-cap companies are routine but should be monitored for any pattern if they recur, as frequent finance leadership churn can sometimes signal internal governance issues.