Chief Financial Officer resigns ahead of move to Shankara Buildpro

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

SHANKARA · price

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-5.0%Reaction day

₹187.53

prior close

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AI summary

Mr. Alex Varghese resigned as Chief Financial Officer and Key Managerial Personnel, effective at the close of business on October 3, 2025, following the composite scheme arrangement. He is transitioning to Chief Financial Officer of Shankara Buildpro Limited from October 4. The company said it is appointing a new Key Managerial Personnel within the legally required time.

Likely market impact

Linked to the restructuring, the departure should have limited impact because a successor is being appointed. No financial impact was disclosed.