Updater Services Limited has informed the Exchange regarding Resignation of Mrs Radha Ramanujan from the position of Group Chief Financial Officer of the company w.e.f. September 04, 2025.
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Updater Services Limited has informed the stock exchanges that Mrs. Radha Ramanujan has resigned as Group Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on September 4, 2025. In her resignation letter, she mentioned that the decision followed ongoing discussions with the Managing Director and thanked the Board for the opportunity. The company has also appointed M/s. R.G.N. Price & Co., a chartered accountancy firm with over 75 years of experience, as Internal Auditor for the period from April 1, 2025 to June 30, 2025. No reason of disagreement or governance concern has been mentioned in the filing. The company will need to appoint a new CFO going forward.
CFO exits are watched closely by investors as they can create short-term uncertainty around financial reporting and continuity, though no governance red flags are evident here. The simultaneous appointment of a reputed internal auditor is a routine compliance step and is not expected to materially impact the stock.