Key Quantitative Figures
No specific financial figures, amounts, or numerical metrics are disclosed in this appointment announcement.
Dates of Action
The Board of Directors approved the appointment at its meeting held on November 6, 2026. The appointment is effective from November 6, 2026. This disclosure follows a previous intimation made to the stock exchanges on October 3, 2026.
Parties Involved
- Appointee: Mr. Satish Kumar Kaushik
- Previous Role: President – Finance
- New Role: Chief Financial Officer (CFO) and Key Managerial Personnel (KMP)
- Compliance Officer: Srishti Saxena, Company Secretary & Compliance Officer (M. No: A40576)
- Regulatory References: SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
Purpose or Rationale
The appointment is made pursuant to the provisions of Section 203 of the Companies Act, 2013 to fill the Chief Financial Officer position as a Key Managerial Personnel of the company.
Professional Background of Appointee
Mr. Satish Kumar Kaushik holds an MBA in Finance, CMA qualification, and B.Com degree. He has nearly 25 years of experience across corporate finance, fundraising, project financing, risk management, taxation compliance, corporate restructuring, mergers, IPO preparation processes, strategic planning, and board-level stakeholder management. He played a key role in securing MoUs at the World Economic Forum 2025 through engagement with Government of Maharashtra officials and another MoU with Government of Andhra Pradesh officials.
Governance and Compliance Details
- Mr. Kaushik is not related to any Director of the Company
- He holds nil shares in the company
- He is not debarred from holding the office of Chief Financial Officer by virtue of any order of SEBI or any other authority
- The term of appointment is "As approved by the Board"
Financial Impact
Financial impact not quantified in the disclosure.
Capital Structure Impact
No impact on capital structure disclosed.