CFO Bhavik Maisuria resigns, effective close of business on December 31, 2026

Mr. Bhavik Maisuria has resigned as Chief Financial Officer and Key Managerial Personnel, citing personal reasons.

Wed 30 Sep 2026

Resigned Position

Chief Financial Officer and Key Managerial Personnel

Resignation Reason

personal reasons

Last Working Day

close of business hours on December 31, 2026

Notice Period

October 1, 2026 to December 31, 2026

What was announced

The company informed BSE that Mr. Bhavik Maisuria has resigned from the post of Chief Financial Officer and Key Managerial Personnel.

Key points

• Reason stated: personal reasons.
• Last working day: close of business hours on December 31, 2026.
• Notice period served from October 1, 2026 to December 31, 2026.
• In his resignation letter he states there is no other material reason for the resignation.
• From that date he will also cease to be the KMP authorised for determining materiality of events and making disclosures to the stock exchanges.

What it means for investors

A CFO exit is a senior management change. The transition is spread over a notice period of about three months, which gives the company time to arrange the handover. The update states the reason as personal.

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