Concord Enviro Systems Appoints Shleshank Laheri as Chief Financial Officer

Nikunj Parikh - Mumbai Bureau Aug 27, 2026 1,100 Views

Concord Enviro Systems Limited has appointed Shleshank Laheri as Chief Financial Officer. Announced alongside Q1 FY2026-27 financial results on August 11, 2026, the company also re-appointed Managing Director Prayas Goel for three years and confirmed zero deviation in deploying net IPO proceeds for expansion initiatives.

MUMBAI, August 11, 2026 — Concord Enviro Systems Limited announced today the appointment of Shleshank Laheri as Chief Financial Officer (CFO) and Key Managerial Personnel. The board approved the executive decision during its meeting on August 11, 2026.

The corporate leadership update arrives alongside key decisions regarding executive tenure and directorship extensions aimed at driving long-term strategic stability.

Executive Board Approves Management Restructuring

The Board of Directors of Concord Enviro Systems Limited formally approved the appointment of Mr. Shleshank Laheri as Chief Financial Officer during its meeting conducted on Tuesday, August 11, 2026. The regulatory disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Laheri is a Chartered Accountant with nearly 22 years of experience across Investment Banking, Healthcare, and FMCG sectors. Prior to joining Concord Enviro Systems, he held key finance and leadership roles at several global and domestic institutions, including Kotak Group, Deutsche Capital Market, Citi Group, UnitedHealth Group, Reliance Retail, and Graviss Group.

In addition to the CFO appointment, the Board of Directors approved the re-appointment of Mr. Prayas Goel as Managing Director for a three-year term starting April 1, 2027, through March 31, 2030, subject to shareholder approval.

The board also approved second five-year terms for Non-Executive Independent Directors Mr. Prakash Shah, Ms. Kamal Shanbhag, and Mr. Shiraz Bugwadia, pending shareholder endorsement.

Financial Results and IPO Proceeds Utilization

During the same meeting, the board approved the un-audited standalone and consolidated financial results for the first quarter of the 2026–27 financial year, ended June 30, 2026.

Concord Enviro Systems also submitted its quarterly monitoring statement regarding fund utilization from its initial public offer (IPO) completed in December 2024. Monitoring agency ICRA Limited confirmed zero deviation or variation in the deployment of issue proceeds.

Out of the ₹1,750.00 million raised in fresh issue proceeds, the company has deployed ₹1,188.18 million across capital expenditure, debt repayment for foreign subsidiaries, and market expansion technology as of June 30, 2026.

Official Sources Section

According to official filings submitted by Executive Director Prerak Goel to the stock exchanges, all operational decisions and financial disclosures were reviewed by the Audit Committee before formal board approval on August 11, 2026.

Quote Section

According to corporate disclosures filed with market regulators, "The Board of Directors has authorized key managerial personnel, including the newly appointed Chief Financial Officer, to determine event materiality and issue disclosures under SEBI LODR rules."

Why It Matters

The appointment of an experienced corporate finance professional brings strategic financial oversight to Concord Enviro Systems as it deploys capital for greenfield assembly plants and international market expansions. Stable managerial terms for the leadership team provide strategic continuity for institutional investors, public shareholders, and industry partners.

Key Facts at a Glance

Executive Appointment: Shleshank Laheri named Chief Financial Officer and Key Managerial Personnel.
Leadership Extension: Managing Director Prayas Goel re-appointed for three years effective April 1, 2027.
Board Governance: Independent directors Prakash Shah, Kamal Shanbhag, and Shiraz Bugwadia recommended for second five-year terms.
Capital Deployment: ₹1,188.18 million of total ₹1,750.00 million IPO fresh issue proceeds utilized as of June 30, 2026.

Frequently Asked Questions (FAQ)

Who is the new CFO of Concord Enviro Systems?

Shleshank Laheri, a Chartered Accountant with nearly 22 years of experience in investment banking, healthcare, and FMCG sectors, has been appointed as CFO.

When was the appointment announced?

The decision was finalized during the Board of Directors meeting held on August 11, 2026.

Were there any changes to the Managing Director role?

The board approved the re-appointment of Managing Director Prayas Goel for an additional three-year term through March 31, 2030, subject to shareholder approval.