Director and CFO resigns; board accepts resignation effective close of business on October 15, 2026
Mr. Kishan Madanlal Yadav has tendered his resignation as Director and Chief Financial Officer of the company, citing his decision to pursue another professional opportunity.
By ScoutQuest · · 2 min read
- Resignation
- Mr. Kishan Madanlal Yadav has tendered his resignation as Director and Chief Financial Officer of the company
- Effective Date
- effective from the close of business hours on October 15, 2026
- Board Meeting Date
- meeting held on Thursday, 15th October, 2026
What was announced
The company has informed the exchanges that Mr. Kishan Madanlal Yadav has resigned as a Director and as the Chief Financial Officer (CFO) of the company. The Board of Directors, at its meeting held on Thursday, 15th October, 2026, duly considered and accepted his resignation.
Who is stepping down
- Mr. Kishan Madanlal Yadav (DIN: 02845697) held two positions: Director, and Chief Financial Officer.
- The stated reason is his decision to pursue another professional opportunity. His resignation letter also refers to pre-occupation.
- He has confirmed that there are no other material reasons for the resignation beyond those mentioned in his letter.
When the change takes effect
- The resignation is effective from the close of business hours on October 15, 2026.
- From that point, Mr. Kishan Madanlal Yadav ceases to hold both the Director and the CFO positions.
- The Board meeting at which this was taken up commenced at 06:30 P.M. and concluded at 7:00 P.M.
How to read this
Two roles are being vacated at the same time: a seat on the Board and the CFO position. The CFO is a key managerial position, so a change here is something investors generally track because that role sits close to the company's accounts, budgeting and financial reporting.
The update states that the resignation is on account of the individual's decision to move to another professional opportunity, and that he has confirmed there are no other material reasons for the resignation. A change in a senior finance role can create a perception of transition in the finance function, while at the same time a fresh appointment can bring new hands to the role.
Investors typically watch for who is appointed to take over the CFO responsibility and the directorship, and from when that appointment takes effect, since the company has said the outgoing officer's cessation is effective from the close of business hours on October 15, 2026.
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