Board outcome: Director, CEO and CFO resign; new CEO and Company Secretary appointed
Board outcome (Oct 14, 2026): Pawan Kumar Mittal resigned as Non-Executive Non-Independent Director; Anshu Aggarwal resigned as CEO, CFO & KMP.
By ScoutQuest · · 2 min read
- Board Meeting Date
- October 14, 2026, 05:00 P.M. to 06:00 P.M.
- Resignations
- Pawan Kumar Mittal resigned as Non-Executive Non-Independent Director; Anshu Aggarwal resigned as CEO, CFO & KMP
- Appointments
- Seema Kushwaha appointed Company Secretary & Compliance Officer; Ashish Kumar appointed CEO & KMP
Four changes to the top management were taken on record or approved at the board meeting held on Wednesday, October 14, 2026, which commenced at 05:00 P.M. and concluded at 06:00 P.M. All four take effect from October 14, 2026.
Exits from the board and executive team
- Mr. Pawan Kumar Mittal (DIN: 00749265) resigned as Non-Executive Non-Independent Director with immediate effect from October 14, 2026, due to personal reasons. The update states he confirmed that there are no other material reasons. He also ceases to be a member of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Grievances Committee.
- Ms. Anshu Aggarwal (PAN: ACKPA7147A) resigned as Chief Executive Officer (CEO), Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with immediate effect from October 14, 2026, due to personal reasons, with the same confirmation that there are no other material reasons.
New appointments
- Ms. Seema Kushwaha (ACS-76245) has been appointed Company Secretary and Compliance Officer and Key Managerial Personnel (KMP) with effect from October 14, 2026. She is a qualified Company Secretary, qualified in 2024 from the Institute of Company Secretaries of India (ICSI), and holds a Bachelor of Commerce degree, with experience in corporate law, regulatory compliance, secretarial practices and commercial documentation.
- Mr. Ashish Kumar (PAN: EUYPK5241P) has been appointed Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) with effect from October 14, 2026. He is a finance and audit professional with approximately 7 years of professional experience in audit, internal audit, financial review, internal controls, risk assessment, accounting processes and management advisory.
How to read this
The same person, Ms. Anshu Aggarwal, held both the CEO and CFO positions and stepped down from both on the same day, and a director also stepped down the same day. The company has recorded the appointment of a new CEO and a new Company Secretary and Compliance Officer, both effective the same date.
Changes of this kind in a company's leadership are usually watched by investors for continuity, and the update records personal reasons from both outgoing officials, along with their confirmation that there are no other material reasons for the resignations.
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More numbers
- Professional experience of the newly appointed CEO, Mr. Ashish Kumarapproximately 7 years
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