Luxury Time544635Senior KMP change
CFO resigns citing personal reasons, to step down at close of business hours on November 02, 2026
Chief Financial Officer Ms. Kanika Gupta has tendered her resignation, citing personal reasons.
By ScoutQuest · · 2 min read
- Designation
- Chief Financial Officer and Key Managerial Personnel
- Effective Date of Cessation
- close of business hours on November 02, 2026
- Resignation Letter Date
- October 22, 2026
What the company informed the exchanges
- Ms. Kanika Gupta has tendered her resignation from the position of Chief Financial Officer and Key Managerial Personnel of Luxury Time Ltd.
- The resignation letter is dated October 22, 2026.
- She will cease to be the CFO with effect from the close of business hours on November 02, 2026.
Reason given
- The stated reason is personal reasons.
- The resignation letter confirms that there are no material reasons for her resignation other than those mentioned in it.
How the disclosure was made
- The intimation was shared under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the prescribed details annexed to it.
- The company has stated that it has placed the full resignation letter received from her on record as part of the disclosure.
Transition
- In her letter, Ms. Gupta has said she will extend all necessary assistance to ensure a smooth transition and handover of her responsibilities.
What this means for a retail reader
- The CFO is part of a company's Key Managerial Personnel, the small group of senior executives who are formally identified as critical to running the business. A change at this level is a management update that shareholders usually note, especially around financial reporting periods.
- The update records a resignation by the executive herself, with personal reasons cited, and a specific last working day. It does not alter the company's share capital, borrowings or any commercial contract in itself.
- The next thing to track would be the company's disclosure on who takes over the CFO role and the handover timeline, so that the finance function has clear leadership.
Perception
- Resignations of key managerial persons are generally treated as a governance and continuity item rather than a financial event; the stated reason here is personal, and the effective date gives a short transition window.
Also from Luxury Time
Final Compounding Order received for Section 129 default; no fee payable by the company
5 Oct 2026
Source: BSE · 22 Oct 2026
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