CECreative Eye532392Senior KMP change

Chief Financial Officer resigns with effect from 14 November 2026

The Board of Creative Eye Ltd took note of and accepted the resignation of Mr. Sachin Devare as Chief Financial Officer, effective 14 November 2026.

By ScoutQuest · Thu 22 Oct 2026, 6:16 PM IST · 2 min read

CFO Resignation Effective Date

14 November 2026

Overdraft Facility from Punjab National Bank

37,98,00,000/-

Loan Against Property (secured against company property)

up to 8,00,00,000/-

The Board accepted the CFO's resignation

• At its meeting held on 22 October 2026, the Board of Directors of Creative Eye Ltd took note of and accepted the resignation of Mr. Sachin Devare as Chief Financial Officer.
• The cessation is effective from 14 November 2026, when he steps down at the close of business hours.
• The stated reason is personal reasons and pre-occupation with professional commitments.
• Mr. Devare has confirmed that there is no other material reason for the resignation.

Transition

• In his resignation letter, he has said he remains committed and would be happy to assist and hand over his duties and responsibilities to his successor or a designated person, for a smooth and seamless transition.
• He has also requested that his account be settled and legitimate pending dues such as salary and leave salary be cleared before his departure.

What else the same Board meeting approved

• An Overdraft Facility of 37,98,00,000/- from Punjab National Bank (PNB), in accordance with the bank's offer letter.
• A Loan Against Property (LAP) of up to 8,00,00,000/-, secured against the property of Creative Eye Ltd. The loan proceeds are to be used for the company's business operations and future projects.

How to read this

• The Chief Financial Officer is a key managerial position, so a resignation from that role is a change investors typically track. The update records the company's acceptance of the resignation and the effective date.
• The reasons are stated by the departing officer himself, and both the exchange intimation and the resignation letter say no other material reason exists.
• The borrowing approvals are financing decisions taken by the Board at the same meeting; the update states the amounts, the lenders and, for the property loan, that it is secured against the company's property and meant for business operations and future projects.

The meeting ran from 03:45 p.m. to 04:15 p.m.

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