Sterlite Technologies Limited has informed the Exchange regarding appointment of Mr. Ajay Jhanjhari as Chief Financial Officer of the company w.e.f. July 25, 2025.
STLTECH · price
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Sterlite Technologies has confirmed Mr. Ajay Jhanjhari as the permanent Chief Financial Officer (CFO) with effect from July 25, 2025, after serving as Interim CFO since May 16, 2025. A Chartered Accountant with 15+ years of experience in fundraising, M&A, treasury, and capital allocation, he has held various roles within the company and was previously CFO for the Optical Networking Business. The Board also made permanent the appointment of Mr. Naveen Bolalingappa as CEO of the Digital Business Unit (he had been interim CEO since August 1, 2024); he brings 30+ years of IT services experience, including prior roles at Tata Consultancy Services. Additionally, Mr. Saumya Mondal was appointed as Interim Group Chief Human Resource Officer, moving from his role as CHRO of the Optical Networking Business.
This is a governance housekeeping update that converts existing interim leadership positions into permanent ones, suggesting management stability rather than disruption. Investors are unlikely to see a meaningful stock price reaction, though the formalisation of the CFO role may provide continuity in financial strategy and capital allocation.