Riba Textiles531952Senior KMP change

CFO Rajnish Mittal resigns; relieved from duties at close of business on November 10, 2026

Riba Textiles' Chief Financial Officer, Mr. Rajnish Mittal, has tendered his resignation.

By ScoutQuest · Fri 30 Oct 2026, 5:46 PM IST · 2 min read

Resigning Officer: Chief Financial Officer, Mr. Rajnish Mittal
Relieving Date: end of business hours of November 10, 2026
Stated Reason: personal reasons and in pursuit of new professional opportunities

Mr. Rajnish Mittal, Chief Financial Officer of Riba Textiles Ltd, has tendered his resignation from that position.
The reason given is personal reasons and pursuit of new professional opportunities.
He will be relieved from his duties effectively from the end of business hours of November 10, 2026.
The company said it has received confirmation from Mr. Mittal that there are no material reasons for his resignation other than those mentioned in his resignation letter, which was attached with the intimation.
The company appreciated his valuable contributions and support during his term as CFO.

Mr. Mittal tenders his resignation from the position of Chief Financial Officer effective from November 10, 2026, citing personal reasons and pursuit of new professional opportunities.
He states that during the notice period he will continue to discharge his duties diligently and will provide all necessary assistance for a smooth handover of financial, banking, statutory, compliance and operational matters entrusted to him.
He has asked the company to acknowledge receipt of the resignation and to advise the formalities required for completing the separation process, and has requested a relieving letter, an experience certificate, and settlement of all dues upon completion of his notice period.
He confirms that there are no other material reasons other than those provided above.

This is an announcement about a change in senior management. The CFO is the executive responsible for the company's finance function, so a change in that seat is information shareholders usually note.
The two details that anchor the announcement are the stated reason (personal reasons and a career move) and the effective date, November 10, 2026, when he is relieved.
The letter says the outgoing CFO will assist with the handover of duties during the notice period, which describes the transition process.

The transition period runs until the close of business on November 10, 2026; who takes charge of the finance function after that date is something shareholders would typically follow in later disclosures.
The disclosure states that the resignation is not on account of any material reason other than those mentioned, which is the company's own statement on the record.