KSR Footwear CFO Suvajit Choudhury Resigns, Moves to Commercial Role

Jyoti Rathi - Kolkata Bureau Jul 01, 2026 1,850 Views

KSR Footwear Limited has announced the resignation of CFO Suvajit Choudhury, who is moving to the company's Commercial Department. Vikram Jeet Sharma joins as the new DGM of Strategic Planning & Commercial. This transition, effective July 1, 2026, aims to realign leadership and strengthen the company's strategic and commercial operational capabilities.

KOLKATA, India — KSR Footwear Limited, a prominent player in the Indian footwear manufacturing and wholesale sector, confirmed that Suvajit Choudhury has resigned from his role as the company’s Chief Financial Officer (CFO). The transition, which became effective at the close of business on June 30, 2026, marks a structural shift within the firm’s top management.

According to a regulatory filing submitted to the National Stock Exchange (NSE), the resignation is a result of Mr. Choudhury’s internal transfer to the company’s Commercial Department. Following his departure from the CFO post, the company concurrently announced the appointment of Vikram Jeet Sharma, who joined the firm on July 1, 2026, as Deputy General Manager – Strategic Planning & Commercial.

Leadership Transition and Strategic Realignment

The move comes as KSR Footwear looks to strengthen its commercial operations and strategic planning. Mr. Choudhury, who served as the Key Managerial Personnel (KMP) responsible for the firm's financial oversight, is expected to leverage his institutional knowledge in his new capacity within the commercial division.

The leadership change has been formalized in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured investors that all necessary disclosures regarding the transition have been filed with market regulators, ensuring transparency during this management shift.

Impact on Business Operations

For investors and stakeholders, the resignation of a CFO often signals a period of evaluation. However, the internal transition of Mr. Choudhury to the Commercial Department suggests that the company is aiming for continuity rather than a total change in direction. The appointment of Mr. Vikram Jeet Sharma as a senior management professional is intended to bolster the company's strategic planning efforts as it continues its expansion in the footwear market.

KSR Footwear, which demerged from Khadim India Limited in 2025, has been focused on scaling its distribution business. The company’s ability to navigate this leadership change while maintaining operational momentum will be a key metric for analysts monitoring the firm’s performance in the upcoming quarters.

Official Sources

According to official disclosures made by KSR Footwear Limited to the BSE and NSE on July 1, 2026:

Suvajit Choudhury’s resignation was effective at the close of business hours on June 30, 2026.
The transition is attributed to Mr. Choudhury’s transfer to the company’s Commercial Department.
Vikram Jeet Sharma was appointed as Deputy General Manager – Strategic Planning & Commercial effective July 1, 2026.

Key Facts at a Glance

Company: KSR Footwear Limited.
Outgoing CFO: Suvajit Choudhury (transferred to the Commercial Department).
New Appointment: Vikram Jeet Sharma (DGM – Strategic Planning & Commercial).
Effective Date: Leadership changes finalized as of July 1, 2026.
Compliance: All disclosures made per SEBI LODR regulations.

Frequently Asked Questions (FAQ)

1. Who has replaced Suvajit Choudhury as CFO?The company has announced the joining of Vikram Jeet Sharma as Deputy General Manager – Strategic Planning & Commercial. Official filings confirm that the transition of leadership roles is part of an internal reorganization.

2. Why did Suvajit Choudhury resign?His resignation as CFO is the result of an internal transfer to the Commercial Department of KSR Footwear Limited.

3. Is KSR Footwear a publicly listed company?Yes, KSR Footwear Limited is a public limited company listed on the National Stock Exchange (NSE) and BSE Limited.

4. Where can I find the official resignation details? The official resignation announcement and accompanying disclosures can be accessed via the corporate filings section of the NSE website.