Solex Energy Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
SOLEX · price
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Solex Energy's Board of Directors met on August 7, 2025 and approved two key changes. Mrs. Kiran Ritesh Shah resigned as Chief Financial Officer (CFO) effective August 4, 2025, but will continue as Executive Director on the Board with revised remuneration terms. Mr. Hemal Kachiwala, a Chartered Accountant with over 14 years of finance leadership experience, has been appointed as the new CFO and Key Managerial Personnel effective August 7, 2025. Additionally, Mr. Kamlesh Pravin Yagnik, an IIT Bombay MTech graduate with 30+ years in energy and climate sectors, was re-appointed as Independent Director for a second 5-year term from March 3, 2026 to March 2, 2031.
CFO transition is a key management change to monitor, though continuity is maintained as the outgoing CFO stays on the Board. The new CFO brings strong CA credentials and experience in treasury, taxation, and compliance, which may be viewed positively. The re-appointment of an independent director with deep energy sector expertise signals governance continuity.