Intimation about the resignation of Mr. Manan Shah as Chief Financial Officer of the company effective from 10th June, 2025.
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Mr. Manan Shah has resigned from his position as Chief Financial Officer and Executive Vice President (Account & Finance) of Sayaji Industries Ltd, effective from the close of business hours on 10th June 2025. He is stepping down to pursue other career opportunities outside the company, and no other material reason has been disclosed. The Board of Directors has accepted his resignation, and the company has informed BSE as required under SEBI Listing Regulations.
A CFO exit at a listed company often raises short-term governance concerns, though the stated reason of career progression is routine. Shareholders should watch for timely disclosure of a replacement CFO, as a prolonged vacancy may affect financial reporting continuity and investor confidence.