Intimation of Outcome of Board Meeting Held today i.e., 24.02.2026, for Change in Management.
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Waa Solar Ltd announced key management changes following its board meeting on February 24, 2026. Mr. Mangi Lal Singhi stepped down from his roles as Non-Executive Director, Chief Financial Officer (CFO), and Key Managerial Personnel (KMP) of the company. In his place, the board approved the appointment of Mr. Mohanan Shankaran Choran as the new CFO and KMP. Additionally, the board approved the reconstitution of its committees. No reasons for the change or further details about the outgoing/incoming executives were disclosed in this intimation.
A change in CFO is a significant managerial transition for a small-cap listed company and may create short-term uncertainty. Shareholders should watch for any further disclosures on the reasons behind the change and the strategic direction under the new CFO.