Leadership Transition at Crestchem: CFO Khyati Vyas Steps Down

Image Source : Crestchem

Crestchem Ltd has announced the resignation of its Chief Financial Officer, Khyati Vyas, effective July 1, 2025. The move comes as part of a broader leadership reshuffle, with the company citing health-related reasons for her departure.

Key developments from the announcement:
- Khyati Vyas has stepped down from her role as CFO, Company Secretary, and Compliance Officer
- Her resignation was formally accepted during the board meeting held on July 28, 2025
- Nitin S Shah has been appointed to assume all three roles starting August 1, 2025

Strategic Implications and Governance Update

The transition marks a significant change in Crestchem’s executive team, especially given Vyas’s dual responsibilities across finance and compliance. Her tenure was noted for strengthening internal controls and improving financial disclosures.

Additional insights:
- The company has initiated a smooth handover process to ensure continuity in financial operations
- Shah’s appointment reflects Crestchem’s internal succession planning and governance stability
- The board expressed appreciation for Vyas’s contributions, particularly during Crestchem’s recent growth phase

Market observers will be watching closely to assess how the leadership change impacts Crestchem’s strategic direction, especially as the company continues to expand its specialty chemicals portfolio.

Sources: MarketScreener India, BSE India, Rediff MoneyWiz, Screener.in, BlinkX, Moneycontrol, Economic Times, Business Standard, Hindu BusinessLine