Shanthi Gears (SHANTIGEAR) — Board Meeting

📢 Key Event
Interim CFO appointed after previous CFO resignation

🔄 What Changed
Mr. Sukanta Kumar Panigrahi appointed interim CFO effective immediately; Sudhir R resigned due to personal reasons

💡 Investor Takeaway
The interim CFO appointment ensures financial continuity but does not resolve long-term leadership stability concerns.

Shanthi Gears announced the appointment of Mr. Sukanta Kumar Panigrahi as interim CFO effective immediately following the resignation of Sudhir R due to personal reasons, as confirmed in a board meeting held on July 13, 2026. The interim appointment replaces the previous CFO and maintains continuity in financial leadership during the search for a permanent successor.

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About Shanthi Gears Limited (SHANTIGEAR)

Capital Goods · Capital Goods-Non Electrical Equipment · Listed on NSE

Market Cap: ₹4,030.27 Cr P/E: 63.2 ROE: 14.5% ROCE: 19.6%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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