CEO, CFO and director resign; new CEO and Company Secretary appointed
Board meeting outcome of October 14, 2026: two resignations and two appointments.
By ScoutQuest · · 2 min read
- CEO/CFO Resignation
- Ms. Anshu Aggarwal resigned as CEO, CFO and Key Managerial Personnel w.e.f October 14, 2026, due to personal reasons
- New CEO Appointed
- Mr. Ashish Kumar appointed CEO and KMP w.e.f October 14, 2026
- New Company Secretary Appointed
- Ms. Seema Kushwaha appointed Company Secretary, Compliance Officer and KMP w.e.f October 14, 2026
Changes at the top
The company informed the exchange of the outcome of its board meeting held on October 14, 2026, which commenced at 05:00 P.M. and concluded at 06:00 P.M. The board took on record two resignations and approved two appointments, all with effect from October 14, 2026.
Who stepped down
- Ms. Anshu Aggarwal resigned as Chief Executive Officer, Chief Financial Officer and Key Managerial Personnel with immediate effect from October 14, 2026, due to personal reasons. In her resignation letter she states she is unable to continue discharging her duties in these positions.
- Mr. Pawan Kumar Mittal resigned as Non-Executive Non-Independent Director with immediate effect from October 14, 2026, due to personal reasons. His letter states that he will also cease to be a member of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Grievances Committee of the board.
- Both have confirmed that there are no other material reasons for their resignation other than those mentioned.
Who steps in
- Mr. Ashish Kumar has been appointed Chief Executive Officer and Key Managerial Personnel of the company w.e.f October 14, 2026. He is described as 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.
- Ms. Seema Kushwaha has been appointed Company Secretary and Compliance Officer and Key Managerial Personnel of the company w.e.f October 14, 2026. She is a qualified Company Secretary, having qualified from the Institute of Company Secretaries of India in 2024, and holds a Bachelor of Commerce degree.
How this can be seen
- A change in the chief executive and in the chief financial officer role, along with a directorship, is a top-management transition. The update attributes both exits to personal reasons and states that no other material reasons were given.
- The two vacancies at the leadership and compliance level are filled by appointments effective the same day, October 14, 2026, so the company has a new CEO and a new Company Secretary and Compliance Officer in place from that date.
Points to note
- The resignations and the appointments carry the same effective date, October 14, 2026.
- Mr. Pawan Kumar Mittal's letter records that he also ceases to be a member of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Grievances Committee.
- The new CEO is also designated as Key Managerial Personnel, and the new Company Secretary is also the Compliance Officer and Key Managerial Personnel.
Also from Adishakti Loha and Ispat
Three independent directors exit; board rejigs committees and signs two MOUs
22 Oct 2026
Board approves MOU with Alvora Jewels for gold and jewellery trade; three independent directors resign
22 Oct 2026
Board approves MOU to explore up to 100% stake in Dream Media via share swap; three independent directors resign
22 Oct 2026
More numbers
- Professional experience of the newly appointed CEOapproximately 7 years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.