Resignation of CS of Company; Retirement of CFO of Company & Appointment of new CFO of the Company.
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The board of The Southern Gas Limited, at its meeting on May 26, 2025, approved several key managerial changes. Company Secretary and Compliance Officer Ms. Nirzara Kesarwani resigned effective May 31, 2025, citing pursuit of career opportunities outside the company. Existing CFO Mr. Shashidhar Dattanand Haridas retired effective June 6, 2025. Mr. Nagwelkar Shekhar Madhukar was appointed as the new Chief Finance Officer effective June 7, 2025. The new CFO is a Chartered Accountant (FCA, DISA) with over 15 years of experience, having worked with TCS and in financial operations management. Additionally, the board re-appointed M/s. M.B. Rama Bhat & Associates as Internal Auditors for the Karnataka unit and SBRV & CO for the Kerala unit for FY 2025-26.
Three top-level management changes (CS exit, CFO retirement, CFO appointment) happening within a single week may cause short-term operational transition risk but appears to be a planned succession. Investors should monitor the new CFO's quarterly performance disclosures for continuity in financial reporting.