Resignation of Mrs. Aishwarya Sethia (DIN: 02979618) from the designation of Chief Financial Officer and Director of the Company
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High Street Filatex Limited (being renamed Tusaldah Limited) informed stock exchanges about the resignation of Mrs. Aishwarya Sethia (DIN: 02979618) from the positions of Chief Financial Officer and Director, effective August 13, 2025, citing personal reasons. The board has simultaneously appointed Mrs. Hetal Waglekar as the new CFO, bringing over 22 years of finance experience. In the same board meeting, Q1 FY26 results were approved, showing zero revenue from operations and a net loss of Rs. 11.06 lakhs compared to a loss of Rs. 0.19 lakhs in the previous quarter. The company also approved voluntary delisting from the Calcutta Stock Exchange, appointed a new Independent Director (Mr. Manish Jhanwar), and initiated a name change to Tusaldah Limited.
The CFO change appears to be a routine transition with a qualified replacement already in place, but the zero revenue in Q1 FY26 and continued losses signal operational weakness. Shareholders should monitor whether the name change, CSE delisting, and new board composition mark a strategic reset for the small-cap textile company.