Padmanabh Industries Gets a New Captain—MD and CFO Exit Sparks Strategic Shift

Image Source: Trading View

Padmanabh Industries Ltd has announced a significant leadership change, with Santoshkumar Hardwari resigning from his dual role as Managing Director and Chief Financial Officer. The company’s board has swiftly appointed Dhairya Bharatbhai Shah as the new Managing Director, signaling a fresh strategic direction.

Key Highlights:

The resignation was accepted during the board meeting held on July 22, 2025.
Hardwari’s departure comes after a tenure marked by operational restructuring and financial stabilization.
Dhairya Shah brings a background in corporate governance and strategic planning, with prior experience in midcap manufacturing firms.
The CFO position remains vacant, with interim financial oversight assigned to the internal audit committee.

Strategic Implications:

The leadership change is expected to influence Padmanabh’s expansion plans in textile and commodity trading.
Investors are watching closely for updates on Q2 earnings and any shifts in capital allocation.
The company has assured continuity in operations and compliance during the transition.

Sources: Moneycontrol, Trendlyne, MarketScreener, BSE India.