Kaarya Facilities & Services Limited has officially appointed Mr. Jitendra Rathod as Chief Financial Officer effective April 3, 2026, following regulatory compliance under SEBI Listing Regulations. The appointment was communicated to BSE Limited through formal intimation, marking a significant leadership transition in the company's financial management structure.

Appointment Details and Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, formally notifying the stock exchange of the key managerial personnel change. The appointment was made based on recommendations from the Nomination and Remuneration Committee, ensuring proper governance protocols were followed.

New CFO's Professional Background

Jitendra Rathod brings over 15 years of extensive experience to his new role, having been associated with Kaarya Facilities & Services Limited since June 2010. His career progression within the organization demonstrates a comprehensive understanding of the company's operations and financial ecosystem.

Career Progression Timeline

Key Competencies and Experience

Rathod's appointment leverages his significant exposure to accounts and finance functions, including budgeting, cost control, financial planning, and vendor management. His experience encompasses financial oversight of multi-location operations, ensuring cost optimization and profitability across various sites.

His functional expertise includes procurement management, billing validation, AMC finalization, statutory compliance, payroll governance, and financial documentation. This comprehensive background provides him with a well-rounded understanding of the company's financial and operational framework.

Strategic Rationale for Appointment

The Board believes Rathod's cross-functional experience, financial acumen, and strong organizational understanding make him well-suited for the CFO role. His long-standing association with the company since its early years positions him as a valued member of the leadership team with deep insights into business model and industry dynamics.

The appointment is expected to strengthen the company's financial governance, operational efficiency, and strategic growth initiatives. Joint Managing Director Vineet Pandey, holding DIN 00687215, signed the official communication to BSE Limited confirming the appointment.

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.

Key Agenda Items

The board meeting will address three primary matters:

1. Formal acknowledgment of Mr. Jitendra Adhyaru's resignation as Chief Financial Officer and Key Managerial Personnel
2. Approval of appointment of Mr. Jitendra Rathod as the new Chief Financial Officer and Key Managerial Personnel
3. 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.

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.