PS IT Infrastructure & Services Ltd Accepts CFO Resignation Amid CIRP Process
PS IT Infrastructure & Services Ltd has accepted the resignation of its Chief Financial Officer (CFO), Mr. Rajesh Baliram Patole, following a meeting held by the Committee of Creditors (CoC) and the Resolution Professional.The acceptance of the resignation was formalized on June 4, 2026, after the matter was reviewed during a meeting conducted by the Resolution Professional. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP).
Mr. Patole's departure, which took effect from May 23, 2026, was attributed to both the initiation of the CIRP process and personal reasons, as stated in his resignation letter.
Key details regarding the CFO’s resignation are summarized below:
| Particulars | Details |
|---|---|
| Name | Mr. Rajesh Baliram Patole |
| Current Designation | CFO |
| Date of Resignation Acceptance | June 4, 2026 |
| Reason for Resignation | Initiation of CIRP Process and personal reason |
The Resolution Professional, Mr. Rajneesh Kumar Aggarwal, conducted the monitoring committee meeting concerning this matter.
Stock Price Movement
As of 10:14, PS IT Infrastructure & Services Ltd. shares are dipping slightly, currently holding at ₹1.39 after declining by 1.42%. The stock remains locked into this price point, as its intraday high and low are both trading completely flat at the ₹1.39 level.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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