CFO Surendra Bhutoria to cease as Chief Financial Officer with effect from October 7, 2026

Bhagyanagar India Ltd has informed the exchanges that Mr. Surendra Bhutoria shall cease to be its Chief Financial Officer with effect from October 7, 2026, consequent upon transfer of his employment to Tieramet Limited.

Wed 7 Oct 2026

CFO Cessation Date

October 7, 2026

Reason for Cessation

consequent upon transfer of his employment to Tieramet Limited

Successor Appointment

a new Chief Financial Officer shall be appointed in due course

What has been intimated

Bhagyanagar India Ltd has informed the National Stock Exchange of India Ltd. and BSE Ltd. that Mr. Surendra Bhutoria shall cease to be the Chief Financial Officer of the company with effect from October 7, 2026.

Why the change

• The company said the cessation is consequent upon transfer of his employment to Tieramet Limited.
• The update states that a letter of resignation along with detailed reasons does not apply, as the cessation follows his employment transfer.
• The company said it shall appoint a new Chief Financial Officer in due course, and the requisite disclosure in this regard shall be made to the stock exchanges.

What the annexure records

• Name: Mr. Surendra Bhutoria
• Reason for change: cessation as Chief Financial Officer of the company consequent upon transfer of his employment to Tieramet Limited
• Date of cessation: October 7, 2026
• Term of appointment, brief profile and disclosure of relationships between directors are stated as not applicable, since this is a cessation and not an appointment

How to read this

A Chief Financial Officer is part of a company's key managerial personnel, the senior team responsible for financial reporting and controls. The change takes effect from October 7, 2026, and the company has said a successor will be appointed in due course. The intimation itself gives the reason for the exit as a transfer of employment to another company.

What to watch

• The announcement of a new Chief Financial Officer and the date from which that person takes charge.
• Any further disclosures relating to changes in the senior management.

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