Resignation of CFO of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At a board meeting on May 26, 2025, The Southern Gas Limited approved multiple senior-level changes. Existing CFO Mr. Shashidhar Dattanand Haridas will retire effective June 6, 2025, and Mr. Nagwekar Shekhar Madhukar has been appointed as the new Chief Finance Officer effective June 7, 2025, ensuring no gap in leadership. Additionally, Company Secretary & Compliance Officer Mrs. Nirzara Kesarwani resigned effective May 31, 2025, citing career opportunities outside the company. The board also re-appointed internal auditors M/s. M.B. Rama Bhat & Associates (Karnataka Unit) and SBRV & CO (Kerala Unit) for FY 2025-26.
The CFO transition is orderly with a near-seamless handover, which is a positive sign for financial continuity. However, the simultaneous departure of two key managerial personnel — the CFO and the Company Secretary — may warrant close monitoring, as it could temporarily affect compliance and financial oversight until the new CFO settles in and a replacement Company Secretary is announced.