SRINAGAR: Jammu and Kashmir Financial institution’s Chief Monetary Officer (CFO), Pratik D Punjabi, resigned from his place on Friday.
The resignation, as per an order issued by the financial institution, is aimed toward exploring alternatives exterior the financial institution and is disclosed in accordance with SEBI rules. Fayaz Ahmad Ganai will function the interim CFO till a everlasting alternative is appointed.
“Though Punjabi was suggested by the competent authority to time his relieving put up finalization of the monetary outcomes and completion of the annual audit for FY 2023-24, the financial institution famous a scarcity of formal dedication from him to this impact. Consequently, the disclosure of his resignation is being made as required below Regulation 30 of SEBI (Itemizing Obligations and Disclosure Necessities) Laws, 2015 learn with SEBI Round No. CIR/CFD/CMD/4/2015 dated September 9, 2015,” reads an order.
The appointment of a brand new CFO is anticipated to conclude throughout the subsequent fortnight. Within the interim, Fayaz Ahmad Ganai has been designated because the “officer in-charge” to imagine the position from Pratik D Punjabi, commencing April 5, 2024.
“Particulars of this alteration have been supplied as required below Regulation 30 of SEBI (Itemizing Obligations and Disclosure Necessities) Laws, 2015 learn with SEBI Round No. CIR/CFD/CMD/4/2015 dated September 9, 2015 in Annexure I. This disclosure is made for applicable dissemination and knowledge,” it reads.
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