Manaksia Aluminium Company Limited has announced the resignation of Chief Financial Officer Ashok Agarwal, effective 30 November 2025. The long‑serving finance head exits after more than six years with the Kolkata-based aluminium products maker, leaving the board to identify a successor as the company navigates a volatile metals cycle.
Manaksia Aluminium has informed exchanges that Ashok Agarwal, its Chief Financial Officer and General Manager–Accounts, will step down with effect from 30 November 2025. Agarwal, a chartered accountant who took charge as CFO in May 2019, has played a key role in stabilising finances through pandemic disruptions, cost inflation and currency swings that buffet the aluminium sector.
The company has not yet named a replacement, stating that details on interim arrangements and a permanent successor will be shared in due course. Investors will be watching whether the board elevates an internal candidate or brings in an external hire with deeper capital-markets and project-financing experience, as Manaksia Aluminium executes its capex and product‑mix upgrade plans outlined in recent annual reports.
Key highlights
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Ashok Agarwal resigns as CFO of Manaksia Aluminium, effective 30 November 2025.
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Agarwal has served as CFO since May 2019, overseeing finance and accounts through multiple business cycles.
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Company yet to announce interim or permanent successor; board evaluating options.
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Management continuity and capital-allocation discipline will be key focus areas for shareholders amid a volatile aluminium price environment.
Sources: Manaksia Aluminium annual reports and management disclosures