CFO Mahima Jain resigns with immediate effect citing personal and unavoidable circumstances
Dhvija Finance Ltd has told the exchanges that Ms. Mahima Jain has tendered her resignation from the post of Chief Financial Officer (CFO), a Key Managerial Person, with immediate effect.
By ScoutQuest · · 2 min read
- KMP Resignation
- Ms. Mahima Jain has tendered her resignation from the post of Chief Financial Officer (CFO), a Key Managerial Person, with immediate effect
- Stated Reason
- personal and unavoidable circumstances
- Resignation Letter Received On
- 19th October, 2026
The company has disclosed that its Chief Financial Officer has stepped down, with the change taking effect immediately.
What the update says
- Ms. Mahima Jain has tendered her resignation from the post of Chief Financial Officer (CFO) of Dhvija Finance Limited.
- She is described in the disclosure as a Key Managerial Personnel (KMP).
- The resignation is with immediate effect.
- The reason given is personal and unavoidable circumstances.
- The resignation letter was received by the company on 19th October, 2026, and a copy of it is part of the disclosure.
Why a CFO change is disclosed at all
The CFO heads the company's finance function — accounts, financial reporting, cash flow, budgets and the interface with auditors. In a listed company the CFO is a Key Managerial Person, which is why a resignation from that post is a disclosable event under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Reading "immediate effect"
The resignation operates from the date of the letter rather than at the end of a notice period, so the change is sudden rather than planned over a transition window. Shareholders generally watch how the finance function is handled after a CFO change, since that role sits at the centre of the company's reporting.
Reading the reason
The stated ground is personal and unavoidable circumstances. That is a personal reason on the face of the update, as opposed to a stated disagreement with the company or a compliance-related matter. Senior-management resignations are common corporate events; a change described as immediate is often watched a little more closely for what it says about continuity in the finance team.
What her letter says
In her letter dated 19.10.2026 addressed to the Board of Directors, she tenders her resignation from the position with immediate effect due to unavoidable circumstances. She requests the Board to take note of the resignation and to formally relieve her of all roles, responsibilities and obligations associated with the position, asks for the necessary statutory updates and disclosures to be arranged, and states that she will extend reasonable assistance, if required, to facilitate a smooth transition of her responsibilities. She also thanks the Board and the management for the trust, support and cooperation extended to her during her tenure.
What to take away
This is a management-change disclosure. It tells you who held the CFO seat and that she has left it with immediate effect, along with her stated reason. It is not a financial-results statement and carries no profit, revenue or balance-sheet numbers, so it does not by itself change the quantitative picture of the business.
Also from Dhvija Finance
Promoter group member reports release of pledge on 15,39,999 shares (3.14%)
28 Sep 2026
Promoter group member reports release of pledge on 15,39,999 shares
28 Sep 2026
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.