PSIT Infrastructure CFO Resigns During CIRP Process

Key Details

• Resigning Officer: Mr. Rajesh Baliram Patole, Chief Financial Officer
• Resignation Effective Date: May 23, 2026
• Reason for Resignation: Due to initiation of CIRP process as well as personal reasons (as stated in resignation letter)
• Acceptance Date: June 4, 2026
• Acceptance Authority: Resolution Professional with approval of members of Committee of Creditors (CoC)
• Meeting Details: Monitoring committee meeting headed by Mr. Rajneesh Kumar Aggarwal (Resolution Professional) commenced at 3:30 PM and concluded at 3:48 PM

Resolution Professional Details

• Name: Mr. Rajneesh Kumar Aggarwal
• IBBI Registration Number: IBBI/IPA-001/IP-P00886/2017-18/11483
• Address: C-60, 3rd Floor, C-Block Community Centre, Janak Cinema Complex, Janak Puri, New Delhi - 110058

Company Address

308, 3rd Floor, B2B Agarwal Centre, Kanchpada, Malad West, Mumbai - 400064

Transition Process

Mr. Patole committed to ensuring smooth transition of responsibilities and extending full support during the handover period in his resignation letter dated May 23, 2026.

Financial Impact

Financial impact not quantified in the disclosure.