IT IS HEREBY INFORMED THAT SRI D.RANGANATHAN (DIN 00137566) DIRECTOR AND CHIEF FINANCIAL OFFICER IN THE COMPANY , VEEJAY LAKSHMI ENGINEERING WORKS LIMITED, HAS SUBMITTED LETTER DATED 11/07/2025 ....
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Veejay Lakshmi Engineering Works has informed the stock exchange that Sri D. Ranganathan (DIN 00137566) has resigned from his roles as Whole-Time Director and Chief Financial Officer, effective from 23rd June 2025. He had been associated with the company since 2015, with his most recent reappointment on 24/06/2021 for a three-year term ending 23/06/2025. He served on three board committees: Audit, Stakeholders Relationship, and Finance. The reason cited is health-related, as he is 72 years old. The Board accepted his resignation at its meeting on 19/07/2025 and recorded appreciation for his long service. There were no other material reasons for his exit, and his relationship with management and other directors was described as cordial.
The company has lost its CFO and a Whole-Time Director due to health reasons, creating a leadership vacuum in finance that may affect operations until a replacement is appointed. Investors should watch for updates on a new CFO appointment, as a delayed replacement could raise governance concerns.