Solex Energy Limited has informed the Exchange regarding Appointment of Mr Hemal Kachiwala as Chief Financial Officer of the company w.e.f. August 07, 2025.
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Solex Energy Limited held a board meeting on August 7, 2025, where three key decisions were taken. First, Mrs. Kiran Ritesh Shah stepped down as Chief Financial Officer effective end of business on August 4, 2025, though she will continue as Executive Director on the board. Second, Mr. Hemal Kachiwala, a Chartered Accountant with over 14 years of experience in finance, accounting, taxation, treasury, and compliance, was appointed as the new CFO and Key Managerial Personnel effective August 7, 2025. Third, the board re-appointed Mr. Kamlesh Pravin Yagnik as Independent Director for a second 5-year term starting March 3, 2026, ending March 2, 2031. Mr. Yagnik is an IIT Bombay MTech graduate with 30+ years of experience in energy and climate change.
A routine CFO transition with the outgoing CFO staying on as Executive Director ensures continuity, while the new CFO brings strong finance and compliance expertise. The re-appointment of an experienced Independent Director supports board stability. No material impact on shareholders is expected from these governance changes.