Kaarya Facilities Board Meeting April 3 to Formalize CFO Transition

Kaarya facilities & services Limited has announced the resignation of its Chief Financial Officer Mr. Jitendra Adhyaru, effective from the close of business hours on March 23, 2026. The resignation was submitted due to personal reasons and the executive's decision to pursue other avenues in his professional career.

Board Meeting Scheduled for April 3, 2026

The company has scheduled a Board of Directors meeting for Friday, April 3, 2026, at the company's registered office to formally address the CFO transition. The meeting will consider key agenda items related to the leadership change in the finance department.

Meeting Details:	Information
Date:	April 3, 2026
Venue:	Company's Registered Office
Key Agenda:	CFO resignation and new appointment
Regulatory Filing:	Under Regulation 29 of SEBI LODR

Key Agenda Items

The board meeting will address three primary matters:

Formal acknowledgment of Mr. Jitendra Adhyaru's resignation as Chief Financial Officer and Key Managerial Personnel
Approval of appointment of Mr. Jitendra Rathod as the new Chief Financial Officer and Key Managerial Personnel
Additional business items with Chairman's approval

Regulatory Compliance

The company has filed the necessary intimation with BSE Limited under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Vineet Pandey signed the regulatory filing, ensuring compliance with stock exchange requirements.

Regulatory Details:	Specifications
Regulation:	SEBI LODR Regulation 29
Scrip Code:	540756
Filing Authority:	Vineet Pandey, Managing Director
DIN:	00687215

Leadership Transition

Mr. Adhyaru's resignation letter confirmed that personal considerations were the sole reason for his departure. He expressed gratitude for the opportunity to work with Kaarya and committed to assisting during the handover period to ensure seamless transition for the finance department.

The appointment of Mr. Jitendra Rathod as the new CFO represents the company's swift action to maintain continuity in its financial leadership. The Board of Directors has acknowledged Mr. Adhyaru's valuable contribution during his tenure with the organization.

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-100.00%	0.0%	0.0%	-100.00%	-100.00%	-100.00%

Kaarya Facilities & Services Limited has successfully completed its private placement of equity shares and convertible warrants, as announced in the board meeting outcome dated December 13, 2025. The company has raised Rs. 36.13 crore through equity allotment and received additional funds through warrant issuance to strengthen its working capital position.

Completed Allotment Details

The board of directors approved and completed the allotment of securities at their meeting held on December 13, 2025. The allotment was executed at Rs. 13.09 per share, including a premium of Rs. 3.09 per share.

Security Type:	Details
Equity Shares Allotted:	2,76,000 shares
Allotment Price:	Rs. 13.09 per share
Amount Raised:	Rs. 36,12,840
Allottees:	3 non-promoter investors
Convertible Warrants:	7,00,000 warrants to promoters
Warrant Consideration:	Rs. 22,90,750 (25% of issue price)

Impact on Share Capital

Following the successful allotment, the company's paid-up equity capital has increased significantly. The equity base expansion reflects the company's commitment to strengthening its financial foundation.

Capital Structure:	Before Allotment	After Allotment
Paid-up Capital:	Rs. 9,35,02,580	Rs. 9,62,62,580
Number of Shares:	93,50,258 shares	96,26,258 shares
Face Value:	Rs. 10 per share	Rs. 10 per share

Warrant Conversion Framework

The 7 lakh convertible warrants issued to promoters carry specific terms and conditions. These warrants provide flexibility for future capital infusion while maintaining promoter commitment to the company's growth trajectory.

The warrants entitle holders to apply for equal number of equity shares at Rs. 10 face value each. Warrant holders must pay the balance 75% of the issue price within 18 months from allotment date. The warrants will remain locked-in as per SEBI ICDR Regulations and will not be listed on exchanges.

Financial Context and Outlook

The successful completion of this private placement addresses the company's working capital requirements identified in earlier financial assessments. The company's recent financial position showed current liabilities of Rs. 18.60 crore against current assets of Rs. 17.50 crore, indicating the need for additional working capital support.

Cash Flow Component:	Current Year	Previous Trends
Operating Activities:	Rs. -0.90 crore	Negative trend
Net Cash Flow:	Rs. 0.10 crore	Improving
Working Capital Need:	High priority	Addressed through placement

The fresh capital injection is expected to improve operational efficiency and provide the company with necessary resources to pursue growth opportunities in the facilities management sector. The completion of this placement within the planned timeline demonstrates management's execution capability and commitment to strengthening the company's financial position.

With the successful allotment completed and regulatory approvals in place, Kaarya Facilities & Services Limited is now better positioned to address its operational requirements and capitalize on market opportunities in its sector.