Image Source: Minaxi Textiles Ltd
Minaxi Textiles Ltd has announced the appointment of Ghanchi Benjir Asgarali as its new Chief Financial Officer, effective July 9, 2025. The decision was finalized during the company’s board meeting held on July 8, following the resignation of outgoing CFO Parind D. Patel. The leadership transition comes at a time when the company is recalibrating its financial strategy to navigate evolving market dynamics.
Key highlights of the CFO transition
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Ghanchi Benjir Asgarali will assume charge as CFO starting July 9, 2025, bringing fresh perspective to the company’s financial operations
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The appointment follows the resignation of Parind D. Patel, who stepped down effective July 1, 2025, after submitting his resignation on June 30
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The board formally approved both the resignation and the new appointment during its scheduled meeting at the company’s registered office
Strategic context and operational outlook
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Minaxi Textiles, headquartered in Chhatral, Gujarat, specializes in manufacturing suiting fabrics using cotton and synthetic yarns
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The company has been focusing on product diversification and operational efficiency to counter margin pressures in the textile sector
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The new CFO is expected to play a key role in strengthening internal controls, optimizing working capital, and enhancing investor transparency
Market sentiment and governance
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The leadership change is seen as part of Minaxi’s broader governance refresh, aimed at aligning financial leadership with longterm growth goals
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Analysts expect the transition to be smooth, given the company’s stable board structure and clear succession planning
Sources: BSE India, Moneycontrol, Minaxi Textiles Ltd official filings.
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