Shree Bhavya Fabrics521131Senior KMP change
Director and CFO tenders resignation; board accepts, effective close of business on 15 October 2026
Board meeting outcome: Mr. Kishan Madanlal Yadav (DIN: 02845697) has tendered his resignation as Director and Chief Financial Officer (CFO) of the company.
By ScoutQuest · · 2 min read
- DIN
- 02845697
- Cessation Effective Date
- close of business hours on October 15, 2026
- Stated Reason
- to pursue another professional opportunity
What happened
- Mr. Kishan Madanlal Yadav (DIN: 02845697) has tendered his resignation from the position of Director and Chief Financial Officer (CFO) of the company.
- The Board of Directors, at its meeting held on Thursday, 15 October 2026, has considered and accepted his resignation.
- He will cease to hold both positions with effect from the close of business hours on October 15, 2026.
Why he resigned
- The update states the reason as his decision to pursue another professional opportunity.
- His enclosed resignation letter also mentions pre-occupation and the wish to pursue another professional opportunity.
- He has confirmed that there are no other material reasons for his resignation other than those provided in the resignation letter.
Board meeting details
- The meeting commenced at 06:30 P.M. and concluded at 7:00 P.M.
- The details required under Regulation 30, read with the SEBI Master Circular dated January 30, 2026, are enclosed as Annexure A, along with the resignation letter.
Why this is relevant to a retail investor
- The CFO is part of the senior management team that handles a company's financial reporting and accounts, so a change at this position is a management change that investors generally track.
- The stated reason is a personal career move, and the outgoing director has confirmed that there are no other material reasons.
- Mr. Purushottam Radheshyam Agarwal, Managing Director (DIN: 00396869), has signed the intimation to the exchange.
What the announcement is, in plain terms
- This is an outcome of a board meeting, informing the exchange that a director and CFO is leaving the company and that the board has accepted the resignation, with the effective time of cessation stated.
- No financial figures are part of this intimation; it is a change in directorship and key managerial personnel.
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