Resignation of CFO
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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.
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.