CFO transition and additional director appointment at Suncity Synthetics
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 26 October 2026, Suncity Synthetics appointed Vidhi Bafna as Chief Financial Officer, replacing Suresh Dhanraj Kawarjain, who resigned at the close of business that day due to prior work commitments and personal reasons. The board also appointed Prajakta Vijay Joshi as an additional non-executive, non-independent director.
The same-day CFO replacement should reduce disruption, while the director appointment may broaden board input. No financial guidance or deal was announced.