Infinity Infoway's CFO Nishant Parekh Steps Down, Citing Personal and Professional Reasons

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.