CFO and Company Secretary Resign; Board Notes Both Exits
Board meeting on 28th September, 2026 noted two key management exits.
By ScoutQuest · · 1 min read
- CFO Resignation
- Mr. Shrigopal Kandoi resigned with immediate effect, 28th September, 2026
- Company Secretary Resignation
- Ms. Kinjal Rathod resigned with effect from 14th August, 2026
- Resignation Reasons
- Both cited personal reasons; Ms. Rathod also cited career growth
What was announced
The Board of Directors met on 28th September, 2026 and considered two senior management changes.
- Mr. Shrigopal Kandoi resigned as Chief Financial Officer with immediate effect, date of cessation 28th September, 2026, citing personal reasons.
- Ms. Kinjal Rathod resigned as Company Secretary and Compliance Officer with effect from closure of business hours on 14th August, 2026, citing personal reasons such as career improvement and growth opportunities.
Both individuals confirmed that there are no material reasons for their resignation other than those mentioned in their resignation letters.
Why it matters
The CFO and the Company Secretary are two of the three senior roles designated as Key Managerial Personnel. The CFO oversees financial reporting, while the Company Secretary acts as the Compliance Officer for exchange updates. Their simultaneous exit can be read by investors as a period of transition in the company's finance and compliance functions.
The meeting commenced at 01:30 p.m. and concluded at 02:00 p.m. The update was signed by Managing Director Mr. Jitendra Kumar Ranka. The company was formerly known as Lykis Limited.
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