Cravatex Ltd Re-appoints Mr. Divakar G. Karnath as Executive Director and Chief Financial Officer

Cravatex Ltd has announced the re-appointment of Mr. Divakar G. Karnath as the Executive Director and Chief Financial Officer for a further period of 3 years from 1st April, 2026 to 31st March, 2029. The re-appointment is subject to the approval of the Members of the Company. Mr. Karnath is a graduate in Economics, Law and DFM from Mumbai University and a Certified Associate of Indian Institute of Bankers (CAIIB). He has around 32 years of experience in Corporate Banking Business in a reputed Public Sector Bank and a Private Sector Bank. He joined the Company in the year 2012 as Chief Financial Officer. His previous assignment was in Axis Bank Ltd as Senior Vice President and pan India Head of Small and Medium Enterprise. Apart from Banking and Finance, he has ample exposure in the area of Legal matters. Finance and Risk Management are his favourite subject of academic interest.