Appointment of Mr. Jayant Kumar as Chief Financial Officer w.e.f. July 01, 2025
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Smart Finsec Ltd has announced a change at the Chief Financial Officer position. Mrs. Shashi Sharma resigned as CFO due to personal reasons, effective from the close of business hours on June 30, 2025. The Board accepted her resignation at its meeting held on the same day. To fill the vacancy, the Board appointed Mr. Jayant Kumar as the new CFO with effect from July 01, 2025. Mr. Kumar holds a B.Com degree and brings over 15 years of experience in accounting, auditing, and tax compliance. The transition is seamless, with the outgoing CFO's last day and the incoming CFO's first day falling on consecutive dates.
This is a routine key managerial personnel (KMP) transition with no disruption in financial leadership. The new CFO's strong background in accounting and compliance should maintain continuity. The outgoing CFO cited personal reasons, which is typically neutral and unlikely to materially affect the stock price.