Ghushine Fintrrade Ocean Limited Announces Key Management Personnel Changes
Ghushine Fintrrade Ocean Limited announced major leadership changes on January 14, 2026, appointing Mr. Bhagirath Vaishnav as Company Secretary, Mr. Pawan Jain as CFO for five years, and designating Managing Director Mr. Alok Jain as CEO for five years. The changes coincided with the resignation of Ms. Jenish Dipeshbhai Sadadiwala as CFO, who cited preoccupation as her reason for departure.
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Ghushine Fintrrade Ocean Limited has announced comprehensive changes to its key management personnel structure following a board meeting conducted on January 14, 2026. The board meeting, which commenced at 4:45 PM and concluded at 5:15 PM, resulted in multiple strategic appointments and one resignation that will reshape the company's leadership team.
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.
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