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Stratmont Industries CFO Rakesh Choudhary Resigns-What's the Next Move for the Rapidly Growing Company?

Updated: May 07, 2025 17:09

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Stratmont Industries Ltd., which is a dominant player in the coking coal and metallurgical coke trading and manufacturing business, has announced that Chief Financial Officer Rakesh Choudhary resigned effective May 7, 2025.
 
Top Points:
  • Rakesh Choudhary, who came on board as CFO in October 2021, has resigned from his position, as seen in the latest regulatory filing of the company.
  • The transaction comes as Stratmont Industries is recording sharp financial growth, with FY24 revenues jumping to ₹87.5 crore and a significant rise in total assets and equity in the last year.
  • Choudhary's tenure saw large-scale growth, including better margins and scale of operations at the Gujarat-based 36,000 MTPA production plant of the company.
  • The financials of the company continue to be strong, with a net profit of ₹0.76 crore in FY24 and high return on equity, even after recent share price volatility.
  • The board and management of Stratmont Industries, headed by Chairman Chinmoy Kumar Guba and Managing Director Vineet Kumar, are likely to make succession announcements shortly to provide continuity in financial leadership.
The market will be closely observing the next CFO appointment and any strategic changes, as the company pursues its aggressive growth path in the commodities business.
 
Source: MarketScreener, Economic Times

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