Board approves appointment of Arun Sharma as Joint CFO and KMP, effective 01.10.2026

Board of Rajkot Investment Trust met on Thursday, October 01, 2026 (4th meeting for 2026-27), from 4.30 p.m. to 05.00 p.m.

Thu 1 Oct 2026

Appointee

Mr. Arun Sharma as Joint Chief Financial Officer (Joint CFO) and Key Managerial Personnel (KMP)

Effective Date

01.10.2026

Board Meeting Date

Thursday, October 01, 2026 (4th meeting for 2026-27)

Meeting Time

4.30 p.m. to 05.00 p.m.

Qualifications

Chartered Accountant (1989) and LLB from University of Calcutta (1989)

Board meeting outcome

Rajkot Investment Trust Ltd held its 4th board meeting for the financial year 2026-27 on Thursday, October 01, 2026. The meeting commenced at 4.30 p.m. and concluded at 05.00 p.m. The matter the Board considered and approved was an appointment in the company's finance leadership.

What was approved

• Mr. Arun Sharma has been considered and approved as the Joint Chief Financial Officer (Joint CFO) and Key Managerial Personnel (KMP) of the Company.
• The appointment is with effect from 01.10.2026.
• The appointment is based on the recommendation of the Nomination and Remuneration Committee / Audit Committee, as applicable.

Who is Mr. Arun Sharma:

• He is a Chartered Accountant, having completed his Chartered Accountancy in 1989. He has also done an LLB from the University of Calcutta in 1989.
• He started his career as a finance controller in a reputed listed company, and since then has been in the field of finance.
• His stated experience covers loan syndication, merger, acquisition, takeover, and valuation of movable and immovable properties.
• He has been a key advisor to various listed companies in cases of takeovers and mergers.

Why the role matters

A Joint CFO sits in senior management and is designated as Key Managerial Personnel. A KMP is one of the officers the company identifies in its disclosures and who is associated with the financial reporting and compliance functions of the business.

What investors may take away

• This is a leadership change at the finance function rather than a change in the company's business or operations.
• Bringing in a person with a chartered accountancy background and deal-related experience, including takeovers and mergers, is the substance of the update.
• The disclosure also states that the appointment followed the recommendation of the Nomination and Remuneration Committee / Audit Committee, as applicable.

The update also encloses the brief profile and other requisite details of Mr. Arun Sharma, and notes the relationship disclosure between Directors as not applicable.

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