Appointment of Mr. Nilesh Arvind Pandya as Chief Financial Officer of the Company.
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Sayaji Industries' board, at its meeting on 26 June 2025, approved the appointment of Mr. Nilesh Arvind Pandya as the new Chief Financial Officer with effect from the same date. Mr. Pandya is a Fellow Chartered Accountant with over 20 years of experience in accounts and finance, having previously worked at Bombay Dyeing, Tata Sky, and Gujarat Fluorochemicals. The board also approved the re-appointment of Mr. Amit Shah as Whole-time Director (Technical) for the period 1 April 2026 to 31 March 2028. Additionally, remuneration for Mr. Priyam Bipinbhai Mehta (Chairman & MD) and Mr. Vishal P Mehta (Executive Director & Joint-CEO) for the same tenure was approved, subject to shareholder approval at the next AGM.
The appointment of an experienced CFO from reputed corporates like Tata Sky and Gujarat Fluorochemicals may be viewed positively as it could strengthen financial governance and planning at Sayaji Industries. The re-appointment of key directors and continuity in leadership suggests stability at the top management level for retail shareholders.