Omnitex Industries Appoints Deepak Berry as CFO Amid Board Reshuffle
Omnitex Industries India has appointed Deepak Berry as the new CFO, effective November 7, 2025. Berry brings over 48 years of financial sector experience. Simultaneously, the company announced the resignations of three directors, including the previous CFO, Kusshal Ambbala. Bhavik Ashokkumar Shah has been appointed as the new Chairman. These changes were approved in a board meeting on November 7, 2025.
*this image is generated using AI for illustrative purposes only.
Omnitex Industries India has announced significant changes to its leadership team, including the appointment of a new Chief Financial Officer (CFO) and the resignation of three directors.
New CFO Appointment
Omnitex Industries India has appointed Mr. Deepak Berry as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective November 7, 2025. Mr. Berry brings extensive experience to the role, with over 48 years in the financial sector.
Key Details of the Appointment:
| Aspect | Details |
|---|---|
| Name | Deepak Berry |
| Position | Chief Financial Officer (CFO) |
| Effective Date | November 7, 2025 |
| Qualifications | MBA in Finance from TASMAC, Pune |
| Experience | Over 48 years |
Mr. Berry's career includes significant roles in various companies:
- Porritts and Spencer Asia Ltd (1977-1985)
- Birla Yamaha Ltd (1985-1988)
- Essar Group Steel Business (Head of Works Account)
- Essar Port at Hazira (CFO, 1988-2022)
- CFO at Seros Group of Companies
The company has confirmed that Mr. Berry is not related to any directors of Omnitex Industries India and is not debarred from holding the position of Key Managerial Personnel by any regulatory authority.
Leadership Changes
Alongside Mr. Berry's appointment, Omnitex Industries India announced several other significant changes to its leadership:
Resignation of CFO: Mr. Kusshal Ambbala has resigned from his position as CFO, effective November 7, 2025, citing personal reasons.
Director Resignations:
- Mr. Durgaprasad Sabnis
- Mr. Ashok Bhawnani
- Mr. Kusshal Ambbala
All three directors have stepped down from their roles on the board, effective November 7, 2025, due to personal reasons.
- New Chairman: Mr. Bhavik Ashokkumar Shah has been appointed as the new Chairman of the company.
Board Meeting Outcome
These changes were approved during a board meeting held on November 7, 2025, which commenced at 4:00 PM and concluded at 4:16 PM. The company has duly informed the BSE Limited of these developments in compliance with SEBI regulations.
These leadership changes mark a significant shift for Omnitex Industries India. The appointment of an experienced CFO like Mr. Deepak Berry, along with the board reshuffle, may indicate a new direction for the company. Stakeholders will likely monitor how these changes impact the company's financial management and overall performance in the future.
Historical Stock Returns for Omnitex Industries India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.50% | -2.23% | -6.02% | +58.18% | +133.57% | +2,738.72% |
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