Board approves new CFO and Company Secretary; accepts earlier CFO resignation

Mr. Ajay Jain as Chief Financial Officer (CFO) and Key Managerial Personnel, w.e.f. October 09, 2026.

Fri 9 Oct 2026

CFO Appointed

Mr. Ajay Jain as Chief Financial Officer (CFO) and Key Managerial Personnel, w.e.f. October 09, 2026

Company Secretary Appointed

Ms. Nikita Singh Rajawat (ACS: 74608) as Company Secretary & Compliance Officer, w.e.f. October 09, 2026

CFO Resignation Accepted

Mr. Samir Mahendra Desai ceased to be CFO w.e.f. closure of business hours on September 30, 2026

The board of Hazoor Multi Projects met on Friday, 09 October 2026, from 04:00 P.M. to 05:15 P.M., and the company informed the exchange of the decisions taken there.

What the board approved

• Accepted the resignation of Mr. Samir Mahendra Desai, who ceased to be the Chief Financial Officer of the company with effect from closure of business hours on September 30, 2026. The company states these details were already disclosed to the exchange on September 30, 2026.
• Approved the appointment of Mr. Ajay Jain as Chief Financial Officer (CFO) and Key Managerial Personnel of the company with effect from October 09, 2026.
• Approved the appointment of Ms. Nikita Singh Rajawat (ACS: 74608) as Company Secretary & Compliance Officer with effect from October 09, 2026, designated as Key Managerial Personnel under section 203 of the Companies Act, 2013 and as Compliance Officer of the company.

Who the new appointees are

• Mr. Ajay Jain is a commerce postgraduate and a qualified Chartered Accountant with over 28 years of experience in corporate finance, financial planning and analysis, treasury management, internal controls, taxation, and ERP/SAP implementation. His stated track record spans the automotive, retail, manufacturing, and industrial automation sectors.
• Ms. Nikita Singh Rajawat is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI) holding Membership No. A74608, with over 3 years of experience in matters relating to the Companies Act, SEBI Listing Regulations and other allied laws.
• For both appointments, the disclosure of relationships between directors is marked "Not Applicable".

How to read this

Both the CFO and the Company Secretary are Key Managerial Personnel, the officers who handle the company's financial reporting and its compliance with securities laws and company law. The update places the exit of the earlier CFO on September 30, 2026 and the two new appointments on October 09, 2026, so the CFO position is shown as being filled on the same date the board approved it.

For a retail investor, this reads as a management and compliance update rather than a change in the company's business, orders or financial performance. The names, dates, qualifications and experience of the incoming officers are the substantive details to note.

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