Royal India Corporation CFO Manish Navnit Shah Steps Down

Royal India Corp announced a significant change in its top management as Chief Financial Officer (CFO) Manish Navnit Shah tendered his resignation, effective August 12, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on August 13, 2025.

Resignation Details

Mr. Shah's departure from the role of CFO is attributed to personal reasons and prior commitments. The company emphasized that there were no other material reasons connected to Royal India Corp for his resignation. The resignation takes effect from the close of business hours on August 12, 2025.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Royal India Corp promptly informed the BSE about this development. The company also provided additional details as mandated by the SEBI Circular dated July 13, 2023.

Management Statement

Nitin Gujral, the Managing Director of Royal India Corp, signed the regulatory filing, ensuring compliance with the necessary disclosure requirements. The company has not yet announced a successor for the CFO position.

Impact and Next Steps

While the departure of a key executive like the CFO can be significant for any organization, Royal India Corp has not provided any immediate information regarding the transition plan or the search for a new CFO. Shareholders and market observers will likely be watching closely for any updates on the company's financial leadership in the coming weeks.

Royal India Corp, listed on the BSE, will need to navigate this transition carefully to maintain investor confidence and ensure continuity in its financial operations.