Disclosure under regulation 30 of SEBI LODR 2015 - Retirement of current Chief Financial Officer of the Company till the closure of business hours of 31.03.2026 and appointment of Chief ....
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Singer India has announced that its current Chief Financial Officer, Mr. Subhash Chand Nagpal, will retire from the position (and as a Key Managerial Personnel) with effect from the close of business hours on March 31, 2026. The Board has already lined up his successor — Mr. Anuj Kumar Vasdev, who is currently serving as CFO-Designate, will formally take over as CFO and KMP from April 1, 2026. Mr. Vasdev brings over 26 years of finance leadership experience from companies such as PepsiCo, Dabur, Mars & Wrigley's, NCML and Ozone. The transition has been recommended by the Nomination and Remuneration Committee and the Audit Committee, suggesting it is a planned and orderly succession.
This is a smooth, pre-planned CFO succession with the replacement already in place as CFO-Designate, so there should be no disruption to financial reporting or strategy. Shareholders are unlikely to see a material impact on the stock from this announcement.