Servotech Renewable Power System Limited has informed the Exchange regarding Appointment of Mr Vipin Kaushik as Chief Financial Officer of the company w.e.f. April 01, 2026.
SERVOTECH · price
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Servotech Renewable Power System Limited announced a series of leadership changes following a board meeting on March 30, 2026. Mr. Vikas Bhatia will step down as Chief Financial Officer (CFO) effective close of business on March 31, 2026, as he transitions to a new role within the company. Mr. Vipin Kaushik, currently the Financial Controller and a Chartered Accountant with over 20 years of experience in finance, accounts, taxation and corporate finance, will take over as the new CFO and Key Managerial Personnel from April 1, 2026. Additionally, Mr. Prem Prakash (25+ years of leadership experience across FMCG, e-commerce, fintech and EV sectors) has been appointed as Chief Operating Officer from April 1, 2026, replacing Mr. Anil Kumar Yadav, who has been re-designated as Head – EPC Planning & Engineering. Mr. Abhishek Khandelwal, a Chartered Accountant with 8+ years in internal audit and risk control, has been appointed as the new Internal Auditor with immediate effect.
The changes represent a planned management reshuffle with the CFO transition happening internally, ensuring continuity at the finance leadership level. The new COO brings diverse cross-industry experience, and the appointments are well-governed, having been recommended by the Nomination and Remuneration and Audit Committees. No major governance red flags; impact on stock price is likely neutral.