Morgan Ventures Ltd announced the resignation of Chief Financial Officer Prayas Dubey, effective immediately. The company said the decision was received and taken on record, with necessary disclosures made per SEBI LODR regulations. An interim structure is being put in place while the board commences the process to appoint a new finance head.
Leadership update at Morgan Ventures Ltd
Morgan Ventures Ltd has informed exchanges that CFO Prayas Dubey has resigned, triggering a structured transition in the finance function. The company noted compliance with disclosure requirements and outlined immediate steps to ensure continuity across treasury, reporting, and compliance as the board begins the appointment process for a successor.
Key highlights:
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Resignation effective: Prayas Dubey stepped down as CFO; resignation taken on record by the board.
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Regulatory compliance: Intimation made under Regulation 30 of SEBI (LODR) with required particulars.
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Continuity plan: Interim oversight assigned to senior finance leadership for reporting, audit coordination, and treasury.
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Successor search: Board-initiated process to identify and appoint a new CFO to lead financial strategy.
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Investor communication: Company reiterated commitment to timely financial disclosures and governance standards.
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Operational impact: Business operations and statutory timelines for quarterly results expected to continue as scheduled.
Morgan Ventures emphasized stability and governance as it navigates the leadership transition, with further updates to be communicated to stakeholders in due course.
Sources: Company exchange filing, Morgan Ventures corporate announcements, MarketScreener news mentions