Tega Industries Limited Announces CFO Resignation and Interim Appointment
Tega Industries Limited has announced the resignation of Mr. Sharad Kumar Khaitan as Chief Financial Officer, effective from the close of business hours on May 05, 2026. The Board of Directors accepted his resignation at their meeting held on April 24, 2026. Mr. Khaitan is stepping down to pursue other opportunities outside the Tega Group. Concurrently, the Board has appointed Mr. Shyama Prasad Ganguly, General Manager - Finance & Accounts, as Interim CFO and Key Managerial Personnel with effect from May 06, 2026. Mr. Ganguly brings over 24 years of experience in financial management, auditing, and budgeting, having been with Tega since 2009. He is a qualified Chartered Accountant from ICAI and holds a Bachelor of Commerce (Honours) from the University of Calcutta, a Master of Finance from Annamalai University, and has completed a management programme at IIM Ahmedabad.
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Tega Industries Limited has announced a significant change in its senior management with the resignation of Mr. Sharad Kumar Khaitan as Chief Financial Officer (CFO). The Board of Directors accepted his resignation at their meeting held on April 24, 2026. Mr. Khaitan will be relieved from his duties effective from the close of business hours on May 05, 2026, as he pursues other opportunities outside the Tega Group.
Resignation Details
Mr. Khaitan's resignation marks the end of his tenure as CFO and Key Managerial Personnel authorised for determining materiality of events for disclosures to Stock Exchanges under Regulation 30(5) of the SEBI Listing Regulations. The Company has expressed sincere appreciation for his valuable services and contributions during his time with the Tega Group.
Interim CFO Appointment
To ensure continuity in financial leadership, the Board has appointed Mr. Shyama Prasad Ganguly as Interim CFO and Key Managerial Personnel, effective from May 06, 2026. Mr. Ganguly, who currently serves as General Manager - Finance & Accounts, will hold this position until a new CFO is appointed by the Board.
Profile of Shyama Prasad Ganguly
| Attribute | Details |
|---|---|
| Experience | Over 24 years in financial management, auditing, and budgeting |
| Tenure at Tega | Since 2009 |
| Qualifications | Chartered Accountant (ICAI), B.Com (Honours) from University of Calcutta, Master of Finance from Annamalai University |
| Additional Education | Management programme at IIM Ahmedabad |
| Previous Roles | Berger Paints (India) Ltd., SPS Steel and Power Ltd., and various audit engagements |
The appointment has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed information regarding these changes has been submitted to both BSE Limited and National Stock Exchange of India Limited, and is available on the Company's website at www.tegaindustries.com .
Regulatory Compliance
The intimation has been submitted pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended. The resignation and appointment details have been enclosed as Annexure-A and Annexure-B respectively, as required under the regulations and SEBI Master Circular dated January 30, 2026.
The Company has made this information available on its official website and requested the stock exchanges to take the information on record. The registered office of Tega Industries Limited is located at Godrej Waterside, Tower-II, Office No 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata, West Bengal 700 091.
Company Information
Tega Industries Limited is an ISO 9001:2015 certified company with CIN L25199WB1976PLC030532. The Company can be contacted at +91 33 4093 9000 or via fax at +91 33 4093 9075. The Company Secretary & Compliance Officer, Manjuree Rai (Membership No. A12858), signed the regulatory filing on April 24, 2026 at 20:15:52 +05'30'.
The Board expressed gratitude to Mr. Khaitan for his contributions and wished him success in his future endeavours. The appointment of Mr. Ganguly as Interim CFO ensures continued financial stewardship during the transition period until a permanent CFO is appointed.
Key Dates Summary
| Event | Date |
|---|---|
| Board Meeting | April 24, 2026 |
| Resignation Effective | May 05, 2026 |
| Interim CFO Appointment | May 06, 2026 |
| SEBI Master Circular Reference | January 30, 2026 |
Historical Stock Returns for Tega Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.16% | -4.22% | +5.97% | -12.97% | +20.84% | +131.40% |
What timeline has Tega Industries set for recruiting a permanent CFO replacement?
How might this leadership transition impact Tega's upcoming financial reporting and investor relations activities?
Will the CFO change affect any ongoing strategic initiatives or expansion plans at Tega Industries?
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