Management Change29 Oct 2026, 06:43 pm
Padmanabh Industries CFO Resigns; New CFO Appointed
AI Summary
Padmanabh Industries Ltd announced a board meeting outcome on October 29, 2026. Key decisions included the resignation of Mr. Umesh Parghi as Chief Financial Officer (CFO) effective October 30, 2026. Concurrently, Mr. Akash Bharatkumar Parmar was appointed as the new CFO, also effective October 30, 2026. Mr. Parmar, who also serves as the Managing Director, holds a Master of Engineering degree and has over three years of experience. The board also appointed Ms. Rajshree Roy as a Non-Executive Independent Director and reconstituted various committees.
Key Highlights
- Mr. Umesh Parghi resigned as CFO effective October 30, 2026.
- Mr. Akash Bharatkumar Parmar appointed as new CFO.
- Mr. Parmar also serves as the company's Managing Director.
- Ms. Rajshree Roy appointed as Non-Executive Independent Director.
- Various board committees were reconstituted.
Price Impact
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