CFO relinquishes position; continues as Whole-time Director up to June 30, 2028
Mr. Abdul Hameed Khan has relinquished his position as Chief Financial Officer (CFO) and Key Managerial Personnel, effective from the close of business hours on October 15, 2026.
By ScoutQuest · · 2 min read
- CFO Relinquishment Effective Date
- close of business hours on October 15, 2026
- Continues as Whole-time Director Until
- June 30, 2028
- Board Acceptance Date
- October 15, 2026
CFO role changes hands, director stays on
Jyoti Structures Ltd has informed the stock exchanges about a change in its Chief Financial Officer. Mr. Abdul Hameed Khan has relinquished the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company.
What the company said
- The stated reason is to devote his full attention to his responsibilities as Whole-time Director of the Company.
- His resignation letter is dated October 15, 2026.
- The Board of Directors, at its meeting held on October 15, 2026, took note of and accepted his resignation from the position of Chief Financial Officer.
- The change became effective from the close of business hours on October 15, 2026.
- Mr. Abdul Hameed Khan will continue to serve as Whole-time Director of the Company up to June 30, 2028.
How to read this
This is a change of role rather than an exit from the company. The same person remains with the company as a Whole-time Director, and the update places both events on the same date, October 15, 2026 - the CFO role ending at the close of business hours, and his continuing directorship running up to June 30, 2028.
The company's disclosure describes the move as enabling him to focus fully on his Whole-time Director responsibilities.
In his resignation letter, Mr. Abdul Hameed Khan requests the Board to relieve him of the duties and responsibilities of the Chief Financial Officer with effect from the close of business hours on October 15, 2026. He expresses gratitude to the Board of Directors and to the management team and colleagues, and states he will continue to serve the Company as a Whole-time Director in accordance with the terms and conditions of his appointment, remaining committed to contributing towards the Company's growth and strategic objectives.
What this means for readers
- A Chief Financial Officer is one of the Key Managerial Personnel, the small group of senior officers every listed company must have. A change in this seat is a governance-relevant event and is reported to the exchanges as such.
- The finance function is the one that deals with a company's accounts, results and financial disclosures, so who holds that seat is something investors generally keep track of.
- In this case, the person concerned stays on in a senior board-level executive position, so the change is limited to the CFO responsibility rather than a departure from the company.
- The stated reason given is a reallocation of his attention towards his Whole-time Director responsibilities, and the update links his continuance as Whole-time Director to a period up to June 30, 2028.
Also from Jyoti Structures
Jyoti Structures Ltd press release
23 Oct 2026
Jyoti Structures gets GETCO LOA for Rs. 689.93 crore 765kV Pachchham-Saykha transmission line
23 Oct 2026
CFO change: Abdul Hameed Khan relinquishes CFO role, Deepak Salunke appointed; Anil Jain new Non-Executive Director
15 Oct 2026
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