Change in Senior Management Personnel of the company
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Sky Industries informed BSE about two changes in its Senior Management team effective August 13–14, 2025. Mr. Swamidass Pauldevadason, General Manager – Accounts and Taxation, retired on superannuation at close of business on August 13, 2025, and will continue with the company in a consulting capacity for Accounts and Taxation. Mr. Vishnu Bania, a finance professional with over a decade of experience in financial reporting, compliance, and audit management, holding a PG Diploma in Financial Management from NMIMS and an M.Com, has been appointed as Manager – Accounts and Senior Management Personnel effective August 14, 2025. The Board approved both changes on the recommendation of the Nomination and Remuneration Committee. The CFO (Maikal Raorani) remains unchanged.
This is a routine succession event at the senior management level with no operational disruption, as the retiring official stays on as a consultant and a qualified replacement has been lined up. No material impact expected on the stock.