Meenakshi India544831Senior KMP change

CFO resigns; board appoints T. Parthasarathi as CFO and KMP with effect from 4th November 2026

CFO & KMP Mr. Vivek Bahety resigned with effect from close of business hours on 04th November 2026, citing career opportunities/personal commitments.

By ScoutQuest · Wed 4 Nov 2026, 3:59 PM IST · 3 min read

CFO Resignation Effective: close of business hours on 04th November 2026
New CFO & KMP Appointed: Mr. T. Parthasarathi, with effect from 4th November 2026
PBT from Continuing Operations (H1 FY26): 1,093.10 lakh

Mr. Vivek Bahety has tendered his resignation as Chief Financial Officer and Key Managerial Personnel of the company. The board took the resignation on record with effect from 4th November 2026, described as the close of business hours on 04th November 2026.
The reason stated in the disclosure is resignation due to career opportunities/personal commitments.
The board placed on record its appreciation for his contribution during his tenure.
Based on the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee, the board approved the appointment of Mr. T. Parthasarathi as CFO and KMP with effect from 4th November 2026, so the exit and the replacement take effect from the same date.

Mr. T. Parthasarathi is a Chartered Accountant and a member of the Institute of Chartered Accountants of India, with a Diploma in Information Systems Audit (DISA) from ICAI and a Bachelor of Commerce degree from D.G. Vaishnav College, Chennai.
The update describes senior leadership experience in finance, treasury, governance, risk management and regulatory compliance across the pharmaceutical, manufacturing, renewable energy and logistics sectors.
His stated areas of expertise include financial planning and analysis, corporate consolidation, budgeting and forecasting, treasury and capital management, working capital optimisation, debt restructuring, forex and hedge accounting, Ind AS/IFRS implementation, internal financial controls, GST, transfer pricing and SEBI-related compliance.
In previous roles, the update says he led a ₹300 crore private equity investment transaction, and that he has held senior finance leadership positions with VNAI Pharmaceuticals Pvt Ltd, Beta Wind Farm/Orient Green Power/Shriram Group, Shasun Chemicals & Drugs Ltd and TVS & Sons Ltd.

Audit Committee: Mrs. Kalpana Maheshwari (Chairman), Mr. Ashutosh Goenka and Mr. Hemal K Shah are members; Mr. V K Jeyakodi ceased to be a member and Mr. K N Mahesh Kumar was appointed, both with effect from 4th November 2026.
Nomination and Remuneration Committee: Mr. V K Jeyakodi (Chairman) and Mr. Hemal K Shah are members; Mrs. Kalpana Maheshwari ceased to be a member and Mr. K N Mahesh Kumar was appointed, both with effect from 4th November 2026.

The board approved and took on record the unaudited financial results for the quarter and half year ended 30th September 2026, along with the Limited Review Report of Chaturvedi & Co LLP, Chartered Accountants.
Profit before tax from continuing operations for the half year ended 30th September 2026 was 1,093.10 lakh.
Total equity stood at 14,020.10 lakh as at 30th September 2026.
Other income for the half year includes an unrealised fair value gain on investments of ₹327.23 lakh.
A provision of ₹17.36 lakh was recognised in the quarter ended 31st March 2026 for the revised definition of wages under the new labour codes; based on its review, the company states no further material adjustment is considered necessary for the quarter and half year ended 30th September 2026.

75,00,000 equity shares were allotted as fully paid-up bonus shares on May 26, 2025, taking paid-up equity share capital to ₹1,125 lakh.
Each fully paid-up equity share was subsequently sub-divided, and the issued, subscribed and paid-up equity share capital remains unchanged at ₹1,125 lakh, comprising 2,25,00,000 equity shares.

The update covers a change in the company's chief financial officer: the outgoing CFO's resignation with a stated reason, and a named successor appointed with effect from the same date.
Alongside the leadership change, the board approved the quarterly and half-yearly results, with profit before tax from continuing operations of 1,093.10 lakh for the half year and total equity of 14,020.10 lakh as at 30th September 2026.

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