Medi Caps Ltd Chief Financial Officer Hemant Sethi Resigns
Medi Caps Ltd has announced the resignation of Mr. Hemant Sethi from his position as Chief Financial Officer and Key Managerial Personnel (KMP). His resignation is effective from the close of business hours on June 6, 2026.The company confirmed that Mr. Hemant Sethi tendered his resignation in a letter dated June 3, 2026. In light of this change, he has ceased to be KMP authorized for determining the materiality of any event or making disclosures to stock exchanges.
Medi Caps Ltd stated that the Board of Directors placed its appreciation for the valuable services rendered by Mr. Hemant Sethi during his tenure with the company. The resignation letter, containing detailed reasons, has been enclosed and will be presented before the upcoming Board Meeting for formal consideration.
Details regarding the transition include:
| Particulars | Details |
|---|---|
| Reason for Change | Resignation to pursue career growth and professional opportunities. |
| Date of Cessation | Close of business hours on June 6, 2026. |
| Term of Appointment | Not applicable in case of Resignation. |
Mr. Hemant Sethi's resignation was submitted as the Chief Financial Officer, stating his desire to pursue career growth and professional opportunities. He confirmed that there is no other material reason for his decision.
Stock Price Movement
As of 11:03, shares of Medi Caps Ltd- are slipping down, trading at ₹28.73, which is 2.54% lower for the day. The stock has experienced considerable intraday volatility, having moved between a low of ₹26.50 and a high of ₹29.48.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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