Leadership Reset: Carnation Industries Appoints Bhartendu Pratihasta as CFO After Anamika Gupta’s Exit

Carnation Industries Ltd has announced a key leadership transition in its finance department, appointing Bhartendu Pratihasta as the new Chief Financial Officer (CFO). This follows the departure of Anamika Gupta, who stepped down from the role as part of a broader management overhaul initiated under the company’s ongoing resolution process.

 

Key Highlights of the CFO Transition

 

- Bhartendu Pratihasta has been appointed as the new CFO of Carnation Industries Ltd, effective immediately

- He replaces Anamika Gupta, whose tenure ended following a strategic decision by the company’s new management

- The change is aligned with the resolution plan approved by the National Company Law Tribunal (NCLT), Kolkata, on June 5, 2024

- The resolution applicant, Vikas Garg, exercised the right to restructure key managerial positions to revamp the company’s operations

 

Background and Governance Context
 

- Anamika Gupta’s exit was formalized in accordance with Clause III of Para 4 in Part II of the approved resolution plan

- The plan allows for the replacement of key personnel to ensure effective implementation of the turnaround strategy

- The CFO transition is part of a broader effort to restore financial discipline and regulatory compliance following past governance lapses

 

Strategic Outlook
 

- With Pratihasta stepping into the CFO role, Carnation Industries is expected to focus on financial restructuring, improved disclosures, and operational efficiency

- The company is also working to rebuild investor confidence after a period of financial distress and regulatory scrutiny

- The new leadership team is likely to prioritize transparency, internal controls, and long-term value creation

 

Sources: Economic Times, Value Research, SEBI Filings, Carnation Industries Corporate Announcements, MMJC Legal Updates