Dhanlaxmi Cotex Limited has announced a key leadership change with the resignation of its Chief Financial Officer, Mrs. Payal Ankur Bankda, effective February 9, 2026. The company informed BSE Limited of this development in compliance with regulatory requirements under SEBI Listing Regulations.

CFO Resignation Details

Mrs. Payal Ankur Bankda submitted her resignation from the position of Chief Financial Officer, citing personal reasons as the primary factor for her decision. The resignation became effective from the closing hours of February 9, 2026. In her resignation letter, she confirmed that there are no material reasons for her departure other than the personal circumstances mentioned.

Regulatory Compliance

The company has fulfilled its disclosure obligations pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Managing Director Mahesh S. Jhawar and submitted to BSE Limited with all required annexures.

Key Regulatory Disclosures

As per SEBI circular requirements, the company provided comprehensive details about the resignation:

• Reason for cessation: Personal reasons with no other material factors
• Date of cessation: From closure of business hours on February 9, 2026
• Shareholding status: The departing CFO holds no shares in the company
• Material reasons: Confirmed absence of any undisclosed material reasons for resignation

The resignation letter expressed gratitude to the management for their cooperation and support during Mrs. Bankda's association with the company. She specifically requested the Board to inform relevant exchanges, ROC, and other authorities about her resignation in a timely manner, demonstrating adherence to proper corporate governance protocols.

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.