Rahul Mahesh Jhawar resigns as Executive Director and CFO of Dhanlaxmi Cotex Ltd due to professional preoccupations and family separation. The move, disclosed under SEBI LODR, prompts swift governance continuity as the firm navigates trading and finance operations.
Leadership Transition Alert
Dhanlaxmi Cotex Ltd, engaged in commodities trading and finance, faces a key executive exit with Rahul Mahesh Jhawar (DIN: 07590581) tendering resignation from his dual roles as Executive Director and CFO. Cited reasons include professional preoccupancy and family separation, per the company's Regulation 30 filing.
Key Highlights:
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Immediate Effect: Resignation accepted; no material impact on operations or finances reported.
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Role Background: Jhawar, 33, served ~3 years as CFO/ED, overseeing financial strategy amid FY25 profits of Rs 73m.
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Governance Continuity: Board eyes replacement; aligns with recent director changes like Niyati Shah's exit.
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Shareholding Note: Promoter-director recently disclosed 1.62% stake sale/gift, under SEBI PIT/SAST.
This pivot tests resilience in a volatile sector. Watch board updates!
Sources: Rediff Money, Marketscreener, NSE Disclosures