Resignation of CFO of the company
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and in line with its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SRU Steels Limited has informed BSE that its Chief Financial Officer, Mr. Vijay Sureshbhai Makvana (DIN: 11021700), has resigned effective close of business hours on November 13, 2025. The reason cited is pre-occupation with other matters (personal/professional reasons). The Board has noted the resignation and placed on record its appreciation for his contributions during his tenure. The outgoing CFO confirmed there are no other material reasons for his departure beyond what was mentioned in his resignation letter. The company has not yet announced a replacement.
A CFO departure introduces temporary uncertainty around the company's financial leadership and reporting continuity. Since the reason is personal and not governance-related, this is likely a routine KMP change. Shareholders should monitor for a timely appointment of a new CFO to avoid disruption in financial disclosures.