Tenure of CEO and CFO completes; both cease to hold their positions from 01st November 2026
Storage Technologies and Automation Ltd has told BSE that the tenure of Mr. Afzal Hussain as CEO and Mr. Nuumaan Khasim as CFO ended on 01st November 2026, and both have ceased to hold their respective positions from that date.
By ScoutQuest · · 1 min read
- CEO Tenure Completion Date
- tenure of Mr. Afzal Hussain as CEO ... ended on 01st November 2026
- CFO Tenure Completion Date
- tenure of Mr. Nuumaan Khasim as CFO ended on 01st November 2026
- Regulatory Basis of Update
- Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015
What the company told the exchange
- The tenure of Mr. Afzal Hussain as Chief Executive Officer (CEO) has been completed with effect from 01st November 2026.
- The tenure of Mr. Nuumaan Khasim as Chief Financial Officer (CFO) has been completed with effect from the same date.
- Both have accordingly ceased to hold their respective positions with the company from that date.
- The intimation was shared with BSE under Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, and signed by Cauveramma B B, Company Secretary and Compliance Officer.
Why this matters
The CEO and the CFO are two of the most senior executive roles in a listed company. The CEO runs the business day to day, and the CFO oversees the company's accounts, cash flows and financial reporting. A change in either role can matter to investors because these are the people who set strategy and present the numbers.
What the update says about how it ended
The company's own word is completed — that is, the tenure came to its scheduled end. This is not described as a resignation or a removal.
What to keep an eye on
- Any further announcement naming a new CEO or CFO, or an interim arrangement.
- Whether the company discloses a transition or handover period.
- The next financial results, and who signs off on them.
In short, this is a senior-management transition at the top of the company, disclosed to the exchange as a routine governance update.
Also from Storage Technologies and Automation
Members approve 3 new Independent Directors; MD, Chairman and 4 Whole Time Directors re-appointed
29 Sep 2026
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