Sayaji Industries has appointed Niravkumar C Mistry as its Chief Financial Officer, effective August 8, 2026. The Board of Directors approved the appointment during its meeting held on August 7, 2026. This leadership change strengthens the company’s financial management team with a seasoned professional experienced in fund raising and debt capital markets.

The appointment was disclosed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references Chapter V-A of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Vishnu H Thaker, Company Secretary & Compliance Officer, submitted the intimation to BSE Limited on August 7, 2026.

Profile of New CFO

Niravkumar C Mistry is a seasoned finance professional with more than 20 years of experience. His expertise spans fund raising, working capital management, debt capital markets, mergers and acquisitions, strategy, and finance and accounts. He holds a Post Graduate Diploma in International Business (IIFT), a PGDBA, and a PGDCA.

Prior to joining Sayaji Industries, Mistry worked with several large corporates, including Megha Engineering & Infrastructure Ltd, Arvind Ltd, Adani Group, and Reliance Industries Ltd. The disclosure states there are no relationships between directors requiring further disclosure under the relevant regulations.

Key Details of Appointment

The company did not disclose specific remuneration details in this filing. The appointment marks a key addition to Sayaji Industries’ senior management team, leveraging Mistry’s extensive background in corporate finance and strategic management.

Sayaji Industries has accepted the resignation of Nilesh A Pandya as Chief Financial Officer, effective from the closure of business hours on August 7, 2026. The Board of Directors approved the departure at its meeting held on the same day in Ahmedabad, citing Pandya’s desire to pursue other career opportunities. This leadership change occurs shortly after the company reported a significant turnaround in profitability for Q1FY27.

The resignation was communicated to the Bombay Stock Exchange pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vishnu H Thaker, Company Secretary & Compliance Officer, filed the intimation on behalf of the company. Pandya tendered his resignation under the same regulatory framework, relinquishing all statutory positions within the organization.

Leadership Transition

Nilesh A Pandya served as a Key Managerial Personnel for Sayaji Industries Limited. His resignation was formally accepted by Mrs. Priyanka B. Mehta, Chairman & Managing Director, on behalf of the Board of Directors on August 7, 2026.

The company has previously announced the appointment of Niravkumar C Mistry as the new Chief Financial Officer, with effect from August 8, 2026, ensuring continuity in financial leadership. Mr. Mistry brings over 20 years of experience in fund raising, working capital management, and debt capital markets.

Recent Financial Context

The change in CFO follows the approval of unaudited financial results for the quarter ended June 30, 2026 (Q1FY27). During this period, Sayaji Industries swung to profitability from losses recorded in the corresponding period of the previous year. Standalone net profit rose to ₹666.70 lakhs compared to a net loss of ₹375.77 lakhs in Q1FY26. Consolidated net profit stood at ₹733.71 lakhs against a loss of ₹356.74 lakhs year-on-year.

Revenue from operations grew to ₹26,348.47 lakhs on a standalone basis and ₹28,807.53 lakhs on a consolidated basis. The improvement was driven by strong performance across its Agro Processing-Maize, Agri Seeds, and Spray Dried Food Products segments. The Board also noted a change in accounting policy for inventory valuation from FIFO to Weighted Average during the quarter.