Matrix Geo Solutions Limited Announces Resignation of Chief Financial Officer
Matrix Geo Solutions Limited has confirmed that Mr. Shivam Kumar, who held the position of Chief Financial Officer (CFO) and Key Managerial Personnel, has resigned from his role, effective June 30, 2026.The Company stated that it has accepted the resignation, which was tendered by Mr. Shivam Kumar due to personal reasons. Management expressed sincere appreciation for his valuable contribution and dedicated services during his tenure with the company.
In light of this change in leadership, the Board of Directors has initiated the process of identifying and appointing a suitable successor. The Company reiterated that this transition does not impact its business operations, financial performance, governance framework, or statutory compliance processes. Senior management and the Board ensure that the finance function continues to operate seamlessly, maintaining continuity across all financial reporting obligations.
The details regarding the change in personnel are as follows:
| Disclosure Requirements | Details |
|---|---|
| Name | Mr. Shivam Kumar |
| Reason for Change | Resigned from the post of Chief Financial Officer (CFO) and the reason is solely personal. |
| Date of Cessation | 30-06-2026 |
The Company will provide necessary updates upon the appointment of a successor to the CFO position.
MGSL Stock Price Movement
Today, Matrix Geo Solutions Limited’s shares edged higher to close at ₹59.70 in post-market trading after gaining 0.42%.The stock traded amid volatility that included a daily low of ₹57.20, marking its current 52-week low, as it closed near the high of ₹59.95 with 43,200 shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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