Ghushine Fintrade Ocean Limited CFO Alok Bhopalsingh Jain Resigns, Continues as MD and CEO

Ghushine Fintrade Ocean Limited has announced a significant change in its key managerial personnel, with Chief Financial Officer Alok Bhopalsingh Jain stepping down from his financial leadership role while retaining his executive positions within the company.

Board Meeting Outcome

The company's board of directors convened on January 19, 2026, to address the resignation of Mr. Alok Bhopalsingh Jain from his position as Chief Financial Officer. The meeting, which commenced at 5:00 p.m. and concluded at 8:50 p.m., formally approved Jain's resignation with immediate effect from the closure of business hours on January 19, 2026.

Key Personnel Change Details

The resignation has been structured to ensure continuity in the company's leadership structure:

Parameter:	Details
Position Vacated:	Chief Financial Officer
Effective Date:	January 19, 2026 (closure of business hours)
Reason:	Voluntary resignation
Continuing Roles:	Managing Director and Chief Executive Officer

Regulatory Compliance

Ghushine Fintrade Ocean Limited has fulfilled its regulatory obligations by notifying BSE Limited of this key managerial personnel change. The company provided comprehensive disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with compliance requirements under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Leadership Continuity

In his resignation letter, Jain expressed his intention to continue serving the company in his capacity as Managing Director and Chief Executive Officer. This arrangement ensures that the company retains his leadership expertise while creating an opportunity to restructure its financial management function. The resignation letter emphasized his commitment to facilitating a smooth transition of CFO responsibilities.

Key Management Appointments

The board approved three significant appointments based on recommendations from the Nomination and Remuneration Committee. The company has appointed Mr. Bhagirath Vaishnav as Company Secretary and Compliance Officer with immediate effect. Mr. Vaishnav brings substantial expertise to the role, being an Associate Member of the Institute of Company Secretaries of India (ICSI) with extensive experience in compliance under the Companies Act, 2013, Listing Regulations, and other relevant corporate laws.

Position	Name	Effective Date	Term
Company Secretary & Compliance Officer	Mr. Bhagirath Vaishnav (ACS57369)	January 14, 2026	Immediate effect
Chief Financial Officer	Mr. Pawan Jain	January 14, 2026	5 years
Chief Executive Officer	Mr. Alok Jain	January 14, 2026	5 years

Financial Leadership Transition

Mr. Pawan Jain has been appointed as the new Chief Financial Officer for a five-year term. He is a graduate with over 21 years of extensive experience in the finance sector, bringing valuable expertise to the company's financial management. Additionally, Mr. Alok Jain, who currently serves as Managing Director, has received an additional designation as Chief Executive Officer for a five-year term. Mr. Jain brings more than 35 years of experience in management and the textile business to his expanded role.

Executive Departure

Concurrently with these appointments, Ms. Jenish Dipeshbhai Sadadiwala has resigned from her position as Chief Financial Officer with immediate effect. In her resignation letter, she cited preoccupation as the reason for her departure and expressed gratitude for the opportunities and valuable experience gained during her tenure with the company. She requested to be relieved of her responsibilities to allow for a smooth transition of duties.

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting outcomes were formally communicated to BSE Limited, where the company trades under scrip code 539864. All appointments and the resignation were processed in accordance with SEBI guidelines and the company's internal governance procedures.

Company Background

Ghushine Fintrrade Ocean Limited operates from its registered office located at Ground floor-27, Aagam Cross Road, AC Market opposite Star Galaxy near Shrungar Residency, Vesu Abhava road, Surat-395007. The company is incorporated under CIN: L65910GJ1995PLC025823 and operates in the trading sector as a small-cap entity.