APPOINTMENT OF CHIEF FINANCIAL OFFICER
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Vaxfab Enterprises has appointed Mubshara Kachhot as its new Chief Financial Officer effective July 2, 2025, replacing Mukesh Dayasingh Kapuriya who resigned effective closing hours of July 1, 2025. The outgoing CFO cited other professional commitments as the reason for stepping down and confirmed there are no material reasons behind his resignation. The incoming CFO holds a CA Intermediate qualification with approximately three years of experience in finance, accounting, and taxation, and plans to pursue the CFA (USA) credential. The board approved the change based on recommendations from the Audit Committee and Nomination and Remuneration Committee.
This is a routine CFO succession with no governance red flags — the outgoing CFO left amicably for personal professional reasons and a replacement was appointed immediately, ensuring continuity in financial leadership. For shareholders, the appointment of a relatively early-career professional may warrant attention to the company's financial reporting quality in upcoming quarters.