As per attachment.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sterling Powergensys Limited has appointed Mr. Pundlik Davane as its new Chief Financial Officer, effective February 13, 2025. Mr. Davane is an internal appointee with over 15 years at the company, having previously served as Compliance Assistant and earlier as CFO. He replaces Mr. Dinesh Agarwal, who resigned as CFO on November 20, 2024. The company disclosed this appointment to BSE on May 16, 2025 — about three months later than required. The company attributed the delay to overlapping responsibilities during the transition, internal selection procedures, and administrative processes, stating it was unintentional.
The CFO position, vacant since November 2024, is now filled, which should bring stability to financial reporting and compliance. However, the three-month delay in disclosing the appointment is a governance red flag that investors may view negatively, even though the company has assured no mala fide intent.