CFO Neetika Suryawanshi Resigns from Pakka Limited

Pakka Limited, a prominent player in the sustainable packaging industry, has announced that Chief Financial Officer (CFO) Neetika Suryawanshi has tendered her resignation. The company confirmed the development in a regulatory filing, noting that the management has accepted her departure as she moves on from the role due to personal circumstances.

Suryawanshi, who joined the organization to bolster its financial framework and lead its transition toward a more regulated business model, will conclude her tenure following the expiration of her notice period. Her departure comes at a significant juncture for Pakka Limited as the company navigates a major capital-intensive growth phase, including the ongoing execution of its "Jagriti Project."

Leadership and Financial Oversight

During her time as CFO, Suryawanshi was instrumental in managing the company’s cost-efficiency initiatives, fund control, and regulatory compliance. She was particularly focused on minimizing working capital utilization—a key priority for investors as the firm scales its revenue. Her efforts were directed toward enhancing Management Information Systems (MIS) to provide real-time visibility into batch-wise costing and project-specific returns.

Ved Krishna, Vice Chairman of Pakka Limited, had previously praised her contribution toward strengthening the firm’s systems and processes during its transition to a high-growth environment. Under her financial leadership, the company successfully managed complex fundraising initiatives, including recent preferential issues and debt structuring to support the commissioning of new manufacturing assets.

Corporate Governance and Stability

In her formal resignation letter, Suryawanshi expressed gratitude to the Board of Directors for their guidance and noted that there are no material reasons for her departure other than the personal circumstances cited. She assured the organization of her commitment to a smooth transition of financial responsibilities to her successor.

The Board of Directors is expected to initiate the process for identifying a successor to ensure that the company’s financial reporting, statutory compliance, and ongoing infrastructure projects—such as the commissioning of new paper and recovery boilers—continue without disruption.

Strategic Context

The resignation follows a period of rigorous financial activity for Pakka Limited. As of June 2026, the company has been focused on managing the financial impact of a major machine outage earlier in the year and accelerating its food services business. Despite a dip in annual revenue performance reported in the Q4 FY26 earnings call, the firm has secured substantial funding through debentures and equity infusions to sustain its long-term project pipeline.

Key Facts at a Glance

• Role Transition: Neetika Suryawanshi is stepping down from her role as Chief Financial Officer.

• Reason Cited: Personal circumstances preventing the continuation of a full-time assignment.

• Company Focus: Pakka Limited remains focused on its sustainability goals and the commissioning of its Project Jagriti infrastructure.

• Transition Plan: The company has confirmed that the transition will be managed to ensure operational continuity.

Frequently Asked Questions

Who is taking over as the next CFO of Pakka Limited? The company has not yet announced a successor. Information regarding the new appointment will be disclosed to the stock exchanges in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Will this resignation affect the company’s current projects? According to the firm, the transition is being managed to ensure a smooth handover, with no expected delays in the ongoing "Jagriti Project" or other expansion efforts.

Where can I find the official resignation filing? The regulatory disclosure is available on the official website of Pakka Limited and the portals of the BSE and NSE.

Source: Pakka Limited Regulatory Filings, BSE India, The Economic Times Stock Updates