Saurashtra Cement Limited has informed the Exchange regarding Resignation of Mr Pradeep Mehta as Chief Financial Officer (KMP) of the company, citing due to personal reasons & great reluctance. Currently, he is serving the notice period as per the terms of employment and had requested for early release. . In accordance with the Industry Standards, further disclosure shall be made under Regulation 30 of SEBI (LODR) Regulations, 2015 when his resignation shall come into effect (i.e. last date of his service).
SAURASHCEM · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.9 pts more 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 exchanges about the resignation of Mr. Pradeep Mehta from the position of Chief Financial Officer (CFO), who is also a Key Managerial Personnel (KMP). Mr. Mehta tendered his resignation letter on 26th May 2025, citing personal reasons. He is currently serving his notice period as per his employment terms and has also requested early release from his duties. The company stated that further disclosure will be made once his resignation formally takes effect, i.e., on his last working day with the company, in line with SEBI's Regulation 30 and the Industry Standards circular dated 25th February 2025.
This is a KMP-level departure at the finance leadership position, which could create short-term uncertainty around financial reporting continuity. Shareholders should watch for the subsequent disclosure confirming the effective date of resignation and any appointment of a new CFO, as an extended vacancy could be a minor governance concern.