Octaware Technologies CFO Shahnawaz Aijazuddin Shaikh Resigns

MUMBAI — Technology services provider Octaware Technologies Limited announced on August 20, 2026, that its Board of Directors has formally accepted the resignation of Shahnawaz Aijazuddin Shaikh from his position as Chief Financial Officer (CFO). According to corporate disclosures filed under Securities and Exchange Board of India (SEBI) listing regulations, the departure became effective at the close of business hours on August 10, 2026, as the outgoing executive stepped down to pursue personal and professional commitments.

Executive Transition and Board Disclosures

According to official regulatory filings submitted to the Bombay Stock Exchange (BSE), the leadership change was reviewed during a board meeting held on August 20, 2026.

• Effective Date: Shahnawaz Aijazuddin Shaikh officially relinquished his duties as Chief Financial Officer effective August 10, 2026.

• Regulatory Compliance: The corporate notification was executed in strict accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• Interim Operations: The board is scheduled to announce transitional arrangements to ensure continuous oversight of corporate finance, accounts, and regulatory disclosures.

Official Sources Section

Details regarding the resignation timeline, regulatory filings, and board resolutions are derived from official corporate disclosures issued by Octaware Technologies Limited and transmitted via the Bombay Stock Exchange (BSE).

"According to officials, the company is putting necessary interim financial oversight mechanisms in place to maintain seamless reporting standards and operational continuity."

Why It Matters

For investors, shareholders, and market analysts, transitions in key managerial personnel such as the CFO require careful monitoring to ensure stable financial governance. Transparent reporting and swift interim arrangements are essential for maintaining market confidence and upholding strict compliance with statutory financial frameworks in the technology sector.

Key Facts at a Glance

• Company Name: Octaware Technologies Limited.

• Departing Executive: Shahnawaz Aijazuddin Shaikh.

• Role: Chief Financial Officer (CFO).

• Effective Date: August 10, 2026.

• Regulatory Channel: Official filings communicated via the BSE compliance portal.

Frequently Asked Questions

Who has resigned as CFO of Octaware Technologies?

Shahnawaz Aijazuddin Shaikh has resigned from his position as Chief Financial Officer of Octaware Technologies Limited.

When did the CFO resignation become effective?

The resignation officially took effect at the close of business hours on August 10, 2026.

Why did the executive step down from the role?

Corporate disclosures indicate that Shaikh stepped down to focus on personal and professional commitments.

Source: Octaware Technologies Corporate Filings via BSE