Resignation of CFO

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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₹392.95

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.7% vs market

Trading & Distributors peers, median of 126sector+0.1%-2.1% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.1 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Veritas (India) Ltd has informed the stock exchange that Mr. Rajaram Shanbhag, the Chief Financial Officer (CFO) and Key Managerial Personnel, has resigned from the company. His resignation is effective May 31, 2025, and the company filed the disclosure on June 2, 2025 under SEBI LODR Regulation 30. In his resignation letter, Mr. Shanbhag cited personal health issues and pre-occupancy as the reason, mentioning he plans to pursue a new opportunity aligned with his long-term goals. The letter also notes he will assist the finance team to ensure a smooth transition. Arun Agarwal (Director & Company Secretary) signed the intimation on behalf of the company.

Likely market impact

The departure of the CFO is a key managerial personnel change that investors should monitor, especially given the cited health reasons. The company has not yet announced a replacement, and until a new CFO is appointed, there may be uncertainty around financial reporting oversight.