Chief Financial Officer and KMP resigns w.e.f. close of business hours of October 17, 2026
Trustedge Capital Ltd (formerly Adinath Exim Resources Ltd) has told BSE that its Chief Financial Officer and Key Managerial Personnel, Mr. Jayprakash Labhshankar Raval, has resigned.
By ScoutQuest · · 2 min read
- Resignation effective date
- close of business hours of October 17, 2026
- Reason for resignation
- personal reasons; no other material reasons
- Additional cessation
- ceases to be KMP under Section 203 of the Companies Act, 2013, and under Regulation 30(5) of the LODR Regulations
What was announced
Trustedge Capital Ltd (formerly Adinath Exim Resources Ltd) has informed BSE that 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 reason given is personal reasons.
- The intimation is signed by Pinkal Mehta, Company Secretary and Compliance Officer.
What else changes with the resignation
- He ceases to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013, with effect from the closure of business hours of October 17, 2026.
- He also ceases to be the Key Managerial Personnel under Regulation 30(5) of the SEBI (LODR) Regulations, 2015, a role used for determining whether an event or information is material and for making disclosures to the stock exchanges.
What the resignation letter says
- The letter is addressed to the Board of Directors and is dated 17 October, 2026.
- It states that the resignation is due to personal reasons and confirms that there are no other material reasons for it.
- It requests the Board to take the resignation on record and to complete the steps required under the Companies Act, 2013 and the LODR Regulations.
Point to note in the documents
- The company's intimation and Annexure A give the effective date as the close of business hours of October 17, 2026, while the resignation letter refers to the closing hours of 17 October, 2025.
In Annexure A, the fields for brief profile, term of appointment and disclosure of relationships between directors are marked Not Applicable, which is consistent with this being a cessation rather than an appointment.
Why a CFO exit matters to a reader
- The CFO is part of the key managerial personnel, the small group of senior officers the law treats as central to a listed company's management.
- The CFO is closely associated with the company's financial reporting and with the disclosures a company makes to the exchanges.
- The reason recorded here is personal reasons, and the letter states there are no other material reasons. Personnel changes at the top are usually read by the market with some caution until a replacement is in place.
How to read this
- The update is a disclosure of a senior management change, not a statement about the company's financial performance.
- The update carries no financial figures such as revenue, profit or debt.
- Investors would typically watch for the company's announcement on who takes over the CFO role and the related key managerial personnel responsibility.
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 Key Managerial Personnel resigns effective close of business hours of October 17, 2026
17 Oct 2026
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