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
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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.
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Saurashtra Cement Limited has informed the stock exchanges that Mr. Rakesh Mehta has ceased to be the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective from the close of business hours on 4th September 2025. No reason for the departure has been disclosed in this filing. The Company has not yet announced a replacement CFO. This is a key managerial personnel change at the finance leadership level.
An unexpected CFO exit without a stated reason may create short-term uncertainty for investors, as the finance leadership role is critical for financial reporting and strategy. Watch for the Company's next update on a permanent or interim replacement.