The Board of Directors in their meeting held on 25th April, 2025, inter-alia, considered and approved the following: 1. Appointment of Mr. Vikky Jain as an Additional Director (Whole-Time ....
Awaiting price reaction for this filing.
Mipco Seamless Rings (Gujarat) Limited held a board meeting on 25th April 2025. The board approved the appointment of Mr. Vikky Jain as an Additional Director (Whole-Time Director, Professional), effective the same day. Mr. Jain holds a bachelor's degree in commerce and has over 13 years of experience in corporate management, strategic planning, and regulatory compliance. Separately, the board noted the resignation of Mr. Sridhar Dasara from the position of Chief Financial Officer, effective from the close of business hours on 25th April 2025. Mr. Dasara cited personal pre-occupations and other commitments as the reason for stepping down. No replacement CFO has been announced yet.
Shareholders should note that the company has lost its CFO on the same day it appointed a new Whole-Time Director, creating a temporary gap in financial leadership. The market may view this as a governance risk until a new CFO is appointed, though the resignation cites personal reasons rather than any dispute.