StockWatch
·
Pharmaceuticals
Management Change8 Aug 2026, 03:31 pm

Medi Caps Ltd: CFO Resigns, New CFO Appointed; Chairperson Resigns

AI Summary

Medi Caps Ltd has announced significant management changes. Mr. Hemant Sethi has resigned as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 6, 2026. Concurrently, Mr. Ramesh Chandra Mittal has resigned as Chairperson and Non-Executive Non-Independent Director, effective August 6, 2026. The company has appointed Mr. Akshit Garg as the new CFO and KMP, effective August 7, 2026. The Board has also authorized key personnel for determining event materiality and disclosures.

Key Highlights

  • CFO Hemant Sethi resigns effective June 6, 2026.
  • Chairperson Ramesh Chandra Mittal resigns effective August 6, 2026.
  • Akshit Garg appointed as new CFO effective August 7, 2026.
  • Key personnel authorized for materiality and disclosure.
  • Significant changes in top management roles.