Dhanlaxmi Cotex Announces Resignation Of Chief Financial Officer

Dhanlaxmi Cotex Ltd, a diversified textile and trading company, has reported a key leadership update with the resignation of its Chief Financial Officer, Payal Ankur Bankda. The resignation, effective February 9, 2026, highlights a major change in the company’s financial governance framework.  

The company emphasized that it remains committed to maintaining transparency and operational efficiency during the transition. While no immediate successor has been announced, the board is expected to oversee interim arrangements to ensure continuity in financial management and compliance.  

Industry experts note that CFO transitions are critical in shaping investor confidence, particularly in sectors where financial discipline and governance play a central role. Dhanlaxmi Cotex’s announcement underscores its proactive communication strategy, reassuring stakeholders of its commitment to stability.  

Key highlights from the announcement include 

• Resignation of CFO Payal Ankur Bankda effective February 9, 2026  
• Board expected to oversee transition and interim arrangements  
• Company reinforces commitment to transparency and compliance  
• Leadership change marks a significant shift in financial governance  
• Focus remains on maintaining operational efficiency and investor confidence  

Analysts emphasize that while leadership changes can pose short-term challenges, Dhanlaxmi Cotex’s proactive disclosure signals confidence in its governance framework and long-term growth trajectory.  

Sources: Reuters, Economic Times, Business Standard