Dhanlaxmi Cotex Limited has announced significant leadership changes following its board meeting held on December 18, 2025. The company has appointed a new Chief Financial Officer while recording the resignation of its Executive Director CFO.

Board Meeting Outcome

The Board of Directors meeting was conducted at the company's registered office at 285, 2nd Floor, Chatrabhuj Jivandas House, Princess Street, Mumbai-Maharashtra-400002, starting at 3:00 p.m. and concluding around 4:00 p.m. The board made two critical decisions regarding the company's financial leadership.

New CFO Profile

Mrs. Payal Ankur Bankda, who was already serving as a Director of the company, has been appointed as Chief Financial Officer pursuant to Section 203 of the Companies Act, 2013. Her appointment was based on the recommendation of the Audit Committee.

Professional Background

Leadership Transition

The appointment comes following the resignation of Mr. Rahul Mahesh Jhawar from his position as Executive Director and Chief Financial Officer, which became effective from December 9, 2025. The board formally took on record his resignation during the meeting.

Mrs. Bankda's appointment represents a transition in the company's financial leadership, bringing her combined experience in fashion marketing and wealth management to support the company's operations. As an existing director of the company, she is already familiar with the organization's strategic direction and operational framework.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the brief profile of the new CFO in accordance with SEBI circulars CIR/CFD/CMD/4/2015 dated September 9, 2015 read with SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.

Dhanlaxmi Cotex Limited , a company listed on the Indian stock market, has announced a significant change in its executive leadership. Rahul Mahesh Jhawar, who held the positions of Executive Director and Chief Financial Officer (CFO), has resigned from the company effective December 9, 2025.

Resignation Details

Impact and Implications

The departure of Mr. Jhawar from his dual roles as Executive Director and CFO may have a significant impact on Dhanlaxmi Cotex Limited's executive structure. As a key member of the company's leadership team, his exit may necessitate a reorganization of responsibilities and potentially lead to new appointments to fill these crucial positions.

Additional Information

In his resignation letter, Mr. Jhawar confirmed that there were no material reasons for his departure beyond those stated. This transparency is crucial for maintaining investor confidence and complying with regulatory requirements.

The company has duly informed the relevant authorities, including the BSE Limited, about this change in leadership, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Looking Ahead

As Dhanlaxmi Cotex Limited navigates this transition, stakeholders will be keen to observe how the company manages the change in its executive team. The board's actions in the coming days, particularly regarding the appointment of a new CFO and Executive Director, will be of interest to investors and market watchers alike.

Investors and interested parties are advised to keep an eye on further announcements from the company regarding potential replacements or restructuring of the executive team.