Chief Financial Officer and Key Managerial Personnel resigns effective close of business hours of October 17, 2026
CFO exits: Mr. Jayprakash Labhshankar Raval has resigned as Chief Financial Officer and Key Managerial Personnel of Trustedge Capital Ltd, effective close of business hours of October 17, 2026, citing personal reasons.
By ScoutQuest · · 2 min read
- Resignation
- Mr. Jayprakash Labhshankar Raval has resigned as Chief Financial Officer and Key Managerial Personnel
- Effective Date
- close of business hours of October 17, 2026
- Stated Reason
- personal reasons
Who is stepping down
- Mr. Jayprakash Labhshankar Raval has resigned from the position of Chief Financial Officer and Key Managerial Personnel of the company.
- The resignation takes effect from the close of business hours of October 17, 2026.
- The stated reason is personal reasons.
Other positions covered
- The company states he also ceased to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013 with effect from the close of business hours of October 17, 2026.
- Following the resignation as CFO, he ceased to be a Key Managerial Personnel under Regulation 30 (5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the purpose of determining materiality of an event and for making disclosures to stock exchanges.
What the resignation letter says
- The letter, addressed to the Board of Directors, states that the resignation is from the post of Chief Financial Officer-Key Managerial Personnel with effect from closing hours of 17th October due to personal reasons.
- It confirms that there are no other material reasons for the resignation other than those mentioned.
- The letter thanks the Board and the company for the support and working environment during his tenure as CFO (KMP).
How to read this
- A CFO is a senior finance role and part of the key managerial team that signs off on financial reporting and disclosures. A change here is a routine management update that the company is required to announce to the exchanges.
- The update gives the reason as personal reasons and states that there are no other material reasons behind the resignation.
The company has requested the exchanges to take the disclosure on record.
Also from Trustedge Capital
Board meeting on 26 October 2026 to consider unaudited results for quarter and half year ended 30 September 2026
17 Oct 2026
Chief Financial Officer and KMP resigns w.e.f. close of business hours of October 17, 2026
17 Oct 2026
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