Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015- Relieving from the post of Chief Financial Officer(CFO) Please find attachment ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 4.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shree Steel Wire Ropes Limited has informed BSE that Mr. Sagar P. Desai has been relieved from the post of Chief Financial Officer (CFO) & Key Managerial Personnel with effect from 15.04.2025. The intimation is filed under Regulation 30 of SEBI LODR Regulations, 2015. The company has disclosed the reason for the change simply as 'Relieved' and the date of cessation as 15.04.2025. The letter is signed by the Company Secretary, Manoj C. Patade, and the relieving letter is enclosed as Annexure I.
The CFO has been relieved (not a voluntary resignation), which is a negative governance signal and may create short-term uncertainty around financial reporting and leadership. Shareholders should watch for a timely replacement announcement and any further disclosures from the company.