CFO Samir Mahendra Desai Resigns With Effect From September 30, 2026
Mr. Samir Mahendra Desai has resigned as Chief Financial Officer (CFO), effective from close of business hours on September 30, 2026.
- Executive Role
- Chief Financial Officer (CFO)
- Executive Name
- Mr. Samir Mahendra Desai
- Resignation Effective Date
- Close of business hours on September 30, 2026
- Stated Reason
- Personal reasons
- Material Reasons Confirmation
- No other material reasons
What happened
Mr. Samir Mahendra Desai has resigned from the position of Chief Financial Officer (CFO), a Key Managerial Personnel role, with effect from the close of business hours on September 30, 2026.
Key points
- Reason stated: personal reasons.
- The outgoing CFO confirmed there are no other material reasons for his resignation.
- The resignation letter carries an "Accepted" endorsement from the company.
- The intimation was made to BSE under Regulation 30 of the SEBI Listing Regulations.
What it means for investors
The CFO is the senior-most finance official and signs off on financial reporting, so a change in this role is watched by investors for continuity in finance and compliance functions. The update deals only with the cessation; investors may track subsequent announcements for the appointment of a successor.
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