In continuation to our letter no. Ref: B/SCL/SE/SS/197/2025-26 dated 6th June, 2025, regarding the resignation of the Chief Financial Officer (CFO) of the Company, Mr. Pradeep Mehta, we wish to inform you that Mr. Mehta will be relieved from his duties with effect from the close of business hours on 25th July, 2025.
SAURASHCEM · price
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Saurashtra Cement Limited has informed stock exchanges that its Chief Financial Officer, Mr. Pradeep Mehta, will be relieved from his duties with effect from the close of business hours on 25th July 2025. Mr. Mehta had submitted his resignation letter dated 26 May 2025, citing personal reasons and 'great reluctance.' This intimation is a continuation of the company's earlier letter dated 6th June 2025, which first announced his intention to resign. Mr. Mehta has requested the company to waive his balance notice period and has committed to ensuring a smooth handover of responsibilities during the transition. The company has disclosed the required details under SEBI Listing Regulations but has not yet announced a replacement CFO.
The departure of the CFO is a key management change that may create short-term uncertainty around financial reporting continuity, though the company has indicated a smooth handover. Investors should monitor for the timely appointment of a new CFO, as any delay could raise governance concerns and potentially weigh on sentiment.