Mr. Rakesh Mehta, who was appointed as Chief Financial Officer and Key Managerial Personnel of the Company, has ceased to be CFO and KMP of the Company with effect from the closure of business hours on 4th September 2025.
SAURASHCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.9 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Rakesh Mehta has stepped down from his role as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Saurashtra Cement Limited, effective from the close of business hours on 4th September 2025. The company has not disclosed the reason for his exit in this filing. No information about an interim or permanent replacement has been mentioned in this announcement. Saurashtra Cement is part of the cement sector and this marks a key leadership change at the finance level.
A sudden CFO exit without a named successor can create short-term uncertainty around financial reporting continuity and may weigh on investor sentiment until the company announces a replacement. Shareholders should watch for the next filing regarding appointment of a new CFO.