SRINAGAR: Jammu and Kashmir Bank’s Main Economic Officer (CFO), Pratik D Punjabi, resigned from his place on Friday.
The resignation, as per an order issued by the financial institution, is aimed at exploring opportunities outside the house the lender and is disclosed in accordance with SEBI restrictions. Fayaz Ahmad Ganai will provide as the interim CFO right up until a long-lasting replacement is appointed.
“Despite the fact that Punjabi was suggested by the proficient authority to time his relieving publish finalization of the monetary outcomes and completion of the yearly audit for FY 2023-24, the lender pointed out a deficiency of formal commitment from him to this result. Therefore, the disclosure of his resignation is being manufactured as needed beneath Regulation 30 of SEBI (Listing Obligations and Disclosure Demands) Regulations, 2015 examine with SEBI Round No. CIR/CFD/CMD/4/2015 dated September 9, 2015,” reads an order.
The appointment of a new CFO is expected to conclude in the next fortnight. In the interim, Fayaz Ahmad Ganai has been designated as the “officer in-charge” to assume the position from Pratik D Punjabi, commencing April 5, 2024.
“Particulars of this transform have been provided as demanded underneath Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Polices, 2015 go through with SEBI Round No. CIR/CFD/CMD/4/2015 dated September 9, 2015 in Annexure I. This disclosure is created for suitable dissemination and information,” it reads.
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