Margo Finance500206Routine director change
Board approves appointment of Suresh Jhanwar as Assistant Vice President – Accounts
Margo Finance's Board approved the appointment of Mr. Suresh Jhanwar as Assistant Vice President – Accounts, part of the Senior Management Personnel, effective 5th November, 2026.
By ScoutQuest · · 2 min read
- Appointee and Role
- Mr. Suresh Jhanwar as Assistant Vice President – Accounts, part of the Senior Management Personnel
- Effective Date
- 5th November, 2026
- Qualification and Experience
- qualified Chartered Accountant with over 39 years of experience
Senior management addition
- The Board of Directors of Margo Finance Ltd, at its meeting held on 5th November, 2026, approved the appointment of Mr. Suresh Jhanwar as Assistant Vice President – Accounts.
- He is categorised as part of the Senior Management Personnel of the company, and the appointment takes effect from 5th November, 2026.
Who is the appointee
- Mr. Suresh Jhanwar is 63 years old, a graduate in Commerce from Rajasthan University and a qualified Chartered Accountant.
- He has an experience of more than 39 years in finance and accounts, financial planning, fund raising, cash flow management, budgeting, MIS, accounts finalisation, consolidation, taxation, statutory and internal audits, cost optimisation and regulatory compliance.
- His profile also covers ERP implementation and system structuring, including SAP, Oracle and Baan, along with direct and indirect taxation, GST, cost audit, accounting standards, Companies Act and SEBI compliances.
- He has held senior finance positions, including CFO and Vice President, across organisations in manufacturing, real estate, hospitality, financial services and other sectors.
The disclosure
- The update states that disclosure of relationships between Directors is Not Applicable in this case.
How to read this
- This is a change in management disclosure covering the induction of a senior finance and accounts professional into the company's senior management team.
- The intimation gives his age, educational background, areas of experience and past role categories, which is the standard set of details shared with the exchanges for such appointments.
- The update does not set out any commercial terms, targets or financial implications linked to the appointment.
What it means for a retail investor
- Such announcements are about who runs the finance and accounts function, and are usually read as part of overall governance information rather than as a standalone trigger.
- The stated background of the appointee helps investors judge the depth of experience being brought into the senior management team, though the update itself carries no financial figures about the company.
Also from Margo Finance
RPT disclosure not applicable; paid-up capital Rs. 4.57 crore, net worth Rs. 14.24 crore
5 Nov 2026
Board approves unaudited standalone results for September quarter and half year; auditors' limited review concludes no material misstatement
5 Nov 2026
Board meeting on 5 November 2026 to approve September quarter and half year results
30 Oct 2026
More numbers
- Age of Mr. Suresh Jhanwar63 years
- Experience in finance and accountsmore than 39 years
Source: BSE · 5 Nov 2026
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