PREVIOUS CHIEF FINANCIAL OFFICER (CFO) VACATED OFFICE ON RESIGNATION FROM 23/06/2025. THE VACATED POSITION HAS NOW BEEN FILLED IN WITH EFFECT FROM 19-09-2025 AS APPROVED BY THE BOARD OF ....
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Veejay Lakshmi Engineering Works has appointed Smt. R. Padmavathi as the new Chief Financial Officer (CFO) and Key Managerial Person, effective September 19, 2025. The appointment fills the vacancy left by the previous CFO, Sri D. Ranganathan, who resigned on June 23, 2025. Padmavathi is an internal promotion — she has been with the company for over 20 years in the accounts and finance department, and was serving as Accounts Manager. She holds a B.Com and MBA in Finance, with over 30 years of overall experience in financial accounting, auditing, taxation, and compliance. The appointment was approved by the Board of Directors on September 17, 2025, following recommendations from both the Nomination & Remuneration Committee and the Audit Committee.
This is a routine leadership transition with an internal candidate, which should provide continuity in financial reporting and compliance functions. The gap between the previous CFO's resignation (June 23) and the new appointment (September 19) is within the SEBI-mandated three-month window, indicating no regulatory lapse. Minimal impact expected on the stock price.