
Management Change4 Sept 2026, 08:20 pm
INDO SMC Ltd: CFO Resigns, Executive Director Appointed
AI Summary
INDO SMC Ltd announced significant management changes following a Board of Directors meeting on September 4, 2026. Mr. Neel Niteshbhai Shah resigned as Chief Financial Officer (CFO) due to an inability to devote sufficient time. Concurrently, Mr. Anand Santosh Saraogi was appointed as the new CFO and Key Managerial Personnel (KMP). The company also appointed Mr. Chaitanya Patel as an Executive Director for a three-year term, subject to member approval. Additionally, the Board approved the appointment of new internal and cost auditors for the financial year 2026-27.
Key Highlights
- CFO Mr. Neel Niteshbhai Shah has resigned from his position.
- Mr. Anand Santosh Saraogi appointed as new CFO and KMP.
- Mr. Chaitanya Patel appointed as Executive Director for 3 years.
- New internal and cost auditors appointed for FY27.
Price Impact
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