Board approves appointment of Uttam Kumar Bhageria as CFO-Designate; Shashidhar SK to superannuate
Board approves Mr. Uttam Kumar Bhageria as Chief Financial Officer (CFO) - Designate from October 21, 2026.
By ScoutQuest · · 1 min read
- CFO-Designate Effective Date
- October 21, 2026
- Group CFO Superannuation Date
- December 31, 2026
- CFO and KMP Assumption Date
- January 01, 2027
The Board of Directors of Axiscades Technologies Ltd, acting on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, has approved the appointment of Mr. Uttam Kumar Bhageria as the Chief Financial Officer (CFO) - Designate with effect from October 21, 2026.
The succession plan
- Mr. Shashidhar SK, currently serving as the Group Chief Financial Officer (KMP) of the Company, will attain superannuation on December 31, 2026 and demit office as a KMP.
- Upon his superannuation, Mr. Uttam Kumar Bhageria shall assume the office of Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, effective January 01, 2027.
Profile of the incoming CFO-Designate
- Described as a strategic and business-focused finance leader with over two decades of experience partnering with Promoters, CEOs and Boards to shape enterprise strategy, accelerate profitable growth and maximize shareholder value across listed, multinational and promoter-led organizations.
- The profile cites a track record of leading transformational initiatives including a landmark ₹3,000 Crore acquisition, 5X market capitalization growth, corporate restructuring and large-scale capital market initiatives.
- Brings expertise in enterprise strategy, capital allocation, mergers & acquisitions, treasury, governance and investor engagement, with experience collaborating with BCG and McKinsey on strategic transformation and diversification initiatives.
- Not related to any Director of the Company.
How this may be read
The disclosure sets out a planned two-step transition: a designate period beginning October 21, 2026, followed by the formal Chief Financial Officer and KMP role from January 01, 2027, when the current Group Chief Financial Officer superannuates. The Board meeting commenced at 04:30 PM (IST) and concluded at 05:00 PM (IST).
Also from Axiscades Technologies
Axiscades incorporates wholly-owned subsidiary Xponential Space, subscribing to 10,000 equity shares of Rs. 10 each
17 Oct 2026
Completed acquisition of 100% of Ulosia Holding AG; it is now a wholly-owned subsidiary
14 Oct 2026
Axiscades: XIDA Inc. to acquire ITSJ Group's business assets for up to US$ 7.0 million (approx. ₹ 67.02 crore)
14 Oct 2026
More numbers
- Landmark acquisition cited in incoming CFO-Designate's profile₹3,000 Crore
- Market capitalization growth cited in profile5X
- Experience of incoming CFO-Designateover two decades
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