Ayush Kumar Jain appointed Chief Financial Officer from October 1, 2026; Sukhmal Jain ceases as CFO
Board approved appointment of Mr. Ayush Kumar Jain as Chief Financial Officer and KMP with effect from October 1, 2026.
- New CFO Appointment
- Mr. Ayush Kumar Jain appointed Chief Financial Officer and KMP with effect from October 1, 2026
- Outgoing CFO
- Mr. Sukhmal Jain ceases as CFO and KMP from close of business on September 30, 2026
- New CFO Qualifications
- Chartered Accountant and Company Secretary with over 9 years of experience
- Previous Role
- General Manager – Finance at the company
What was decided
The Board of Directors, on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, approved the appointment of Mr. Ayush Kumar Jain as Chief Financial Officer (CFO) and Key Managerial Personnel with effect from October 1, 2026.
The Board also noted the resignation of Mr. Sukhmal Jain, who ceases to be CFO and Key Managerial Personnel from the close of business hours on September 30, 2026. That resignation was already intimated to the stock exchanges on September 3, 2026. The company recorded its appreciation for his contribution.
About the incoming CFO
- Qualified Chartered Accountant and Company Secretary, with a Master's degree in Commerce.
- Over 9 years of experience across Financial Planning & Analysis, business finance, management reporting, taxation, treasury and finance transformation, spanning manufacturing, pharmaceutical and service sectors.
- Presently associated with the company as General Manager – Finance, involved in working capital management, treasury and banking, capital allocation, profitability and ROCE analysis, cost optimisation and MIS.
- Term of appointment is as per the Companies Act, 2013 and company policies.
Other housekeeping
From October 1, 2026, Mr. Ayush Kumar Jain is authorised to determine materiality of events and make disclosures to the exchanges. The authorised personnel under Regulation 30(5) are the Managing Director Mr. Sharad Taparia, the CFO Mr. Ayush Kumar Jain, and Company Secretary Mrs. Rachana Sawant.
The committee and Board meetings ran from 11.00 AM to 11:45 AM.
How to read this
This is a senior finance leadership transition handled with an internal promotion, so continuity in the finance function is indicated. No financial impact figures accompany this change.
More numbers
- Experience of incoming CFOover 9 years
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