Infinity Infoway Limited , a company listed on the BSE (Scrip Code: 541303), has announced significant changes in its leadership team and expansion plans following a board meeting held on October 25, 2025.

Leadership Changes

The company's board has approved the following key change in its executive team:

Mr. Nishant A Parekh has resigned from his position as Chief Financial Officer due to personal and professional reasons. His resignation will be effective after working hours on October 25, 2025.

Simultaneously, the board has appointed Mrs. Paras Vaishanav as the new Chief Financial Officer, effective from the same date. Vaishanav brings over 8 years of experience in finance and accounting, with expertise in auditing, taxation, and financial reporting.

Professional Background of New CFO

Mrs. Paras Vaishanav's career highlights include:

• Over 8 years of experience in finance and accounting
• Specialization in auditing, taxation, return filing, and account finalization
• Previous experience with Lalpuria Patel & Associates and Arvindkumar Maniar & Co.
• Currently working at Infinity Transoft Solution Pvt. Ltd., Rajkot
• Proficient in Tally ERP, MS Office, and various e-filing utilities
• Educational background includes M.Com and B.Com from M.S. University, Vadodara

Additional Board Decisions

The board meeting, which commenced at 11:30 a.m. and concluded at 11:45 a.m., also resulted in the following decisions:

1. New Signatory Authorization: Mr. Nikunj Vrajlal Gajera has been authorized as a signatory for tender documents, effective from October 28, 2025.

2. Expansion Plans: The company has decided to establish an office in Bangalore to expand its business operations in the southern region.

These changes and decisions reflect Infinity Infoway Limited's efforts to strengthen its leadership team and expand its geographical presence. The appointment of a new CFO with extensive experience in finance and accounting, coupled with the planned expansion into southern India, suggests the company's focus on growth and strategic development.

Infinity Infoway Limited has announced a significant change in its top management. Nishant Atualbhai Parekh, the company's Chief Financial Officer (CFO) and Key Managerial Personnel, has tendered his resignation, citing personal and professional reasons.

Resignation Details

The company disclosed this development in a regulatory filing to the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. Here are the key points regarding Mr. Parekh's resignation:

Company's Response

Infinity Infoway has expressed its gratitude for Mr. Parekh's contributions during his tenure with the organization. The company's management stated, "We thank Mr. Nishant A Parekh for his contributions to the Company during his tenure and wish him success in his future endeavors."

Next Steps

In light of this development, Infinity Infoway has outlined its immediate plans:

1. The resignation letter will be placed before the Board of Directors at the next Board Meeting.
2. The company is actively searching for a suitable replacement for the CFO position.
3. Once a new CFO is appointed, the company will inform the stock exchanges in accordance with applicable regulations.

Bharti Ajudiya, Company Secretary & Compliance Officer of Infinity Infoway Limited, signed the regulatory filing, ensuring transparency and compliance with SEBI regulations.

This change in the company's financial leadership comes at a time when businesses are navigating complex economic landscapes. Shareholders and market watchers will likely be keen to see how Infinity Infoway manages this transition and who they appoint as the new CFO to guide their financial strategy moving forward.