Servotech Renewable Power System Limited has informed the Exchange regarding Outcome of Board Meeting held on March 30, 2026.
SERVOTECH · price
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Servotech Renewable Power System's board, at its meeting on March 30, 2026, approved several leadership changes effective April 1, 2026. Mr. Vikas Bhatia will step down as Chief Financial Officer (CFO) from March 31, 2026, to transition into a new role within the company, and Mr. Vipin Kaushik (currently Financial Controller, a Chartered Accountant with 20+ years of experience) will take over as the new CFO. The board also appointed Mr. Prem Prakash as Chief Operating Officer (COO) — bringing 25+ years of cross-industry experience — while the outgoing COO, Mr. Anil Kumar Yadav, has been re-designated as Head of EPC Planning & Engineering. Additionally, Mr. Abhishek Khandelwal (a Chartered Accountant with 8+ years in internal audit) was appointed as Internal Auditor with immediate effect. The announcements were made after recommendations from the Nomination and Remuneration Committee and Audit Committee.
The CFO change is a planned internal transition rather than an abrupt exit, which should reassure investors. The elevation of an internal candidate (Mr. Kaushik) and the appointment of an experienced COO suggest continuity in operations and finance, though short-term adjustments during the transition are possible.