Intimation of Resignation of Chief Financial Officer of the Company and Its Wholly Owned Subsidiary under Regulation 30 of SEBI (LODR) Regulations,2015.
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.6 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Goverdhan Singh Panwar has resigned as Chief Financial Officer of Sayaji Hotels (Pune) Ltd and also from its wholly-owned subsidiary, Super Civiltech Private Limited, citing personal reasons. His resignation letter was dated May 7, 2025, and he will be relieved from duties at the close of business hours on June 5, 2025. The company has accepted his resignation and confirmed that there are no other material reasons beyond those stated in his letter. The intimation was filed with BSE on May 8, 2025, by Director Raoof Razak Dhanani.
This is a routine KMP transition. Shareholders should watch for an update on the appointment of a new CFO, as a prolonged vacancy at the finance leadership level could raise minor governance concerns.