CFO resigns; ceases to be Key Managerial Personnel from close of business on October 21, 2026
GHV Infra Projects has informed the exchange that Mr. Sadanand Shetty has tendered his resignation as Chief Financial Officer and Key Managerial Personnel.
By ScoutQuest · · 1 min read
- Role vacated
- Chief Financial Officer and Key Managerial Personnel
- Effective date
- close of business hours on Wednesday, October 21, 2026
- Stated reason
- personal reasons; no other material reason
- Tenure
- 2 years with the Company; its first CFO
What was announced
The company informed the exchanges that Mr. Sadanand Shetty has tendered his resignation from the post of Chief Financial Officer (CFO) and Key Managerial Personnel of the Company.
- Effective date: close of business hours on Wednesday, October 21, 2026.
- Reason given in the resignation letter: personal reasons.
- The letter states there is no other material reason for the resignation apart from the reasons stated.
Why this matters to a shareholder
The CFO is part of a listed company's Key Managerial Personnel, the small group of senior executives whose details must be disclosed to the exchanges whenever there is a change. A resignation means that role changes hands. The update records the exit and the stated reason.
What the resignation letter says
- Mr. Shetty writes that he is stepping down from the services of the Company and from the capacity of CFO.
- He thanks the chief promoters, the Board of Directors and colleagues for their advice and co-operation.
- He refers to his tenure of 2 years with the Company and says he is grateful to the Promoters for appointing him as the first CFO of the newly formed infrastructure company, GHV Infra Projects Limited.
Perception
A senior finance role changing hands is something investors usually track closely, since the CFO is central to reporting and internal financial controls. Here the stated reason is personal, and the resignation letter expressly confirms no other material reason. The disclosure itself is a routine regulatory update of a change in Key Managerial Personnel.
What to watch
- Who is named as the new CFO or who holds the finance function in the interim.
- Any further exchange disclosure on the change in Key Managerial Personnel.
Also from GHV Infra Projects
CFO appointed, independent director resigns; Sept quarter results approved
23 Oct 2026
Board approves Q2 and H1 results, appoints CFO; Independent Director resigns
23 Oct 2026
Board meeting on October 22, 2026 to consider and approve unaudited standalone and consolidated results
16 Oct 2026
More numbers
- Tenure mentioned by the resigning CFO2 years
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