Saurashtra Cement Limited has informed the Exchange in view of the resignation of the existing Chief Financial Officer - Mr. Pradeep Mehta, the Board of Directors at its meeting held on 23rd June, 2025 have approved the appointment of Mr. Rakesh H. Mehta as Chief Financial Officer of the company for an interim period w.e.f. 26th July, 2025, till the another CFO join the office and is assigned the roles and responsibilities.
SAURASHCEM · price
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Saurashtra Cement Limited has informed the stock exchanges that its existing Chief Financial Officer, Mr. Pradeep Mehta, has resigned from the position. The Board of Directors, at a meeting held on 23rd June 2025, approved the appointment of Mr. Rakesh H. Mehta as the new Chief Financial Officer for an interim period effective 26th July 2025, until a permanent CFO joins and is assigned responsibilities. Mr. Rakesh H. Mehta, a Mechanical Engineer with a Master's in Financial Management and over 40 years of experience, was previously the CFO of the company from October 2014 to March 2023, and currently serves as a Finance Consultant at Saurashtra Cement. This is an internal transition to ensure continuity of financial leadership during the search for a permanent CFO.
This is a routine key managerial personnel change with no disruption expected, as the incoming CFO is an internal appointment with prior CFO experience at the company. Shareholders should monitor for a permanent CFO appointment announcement in due course, but no immediate material impact on operations or stock price is anticipated.