Rohit Kapoor Appointed Chief Financial Officer at Shivalic Power Control Limited; Resigns as Company Secretary
Shivalic Power Control Limited has announced a key transition in its senior management, confirming that Mr. Rohit Kapoor will be appointed as the company's Chief Financial Officer (CFO). In light of this promotion, Mr. Kapoor tendered his resignation from his previous role as Company Secretary and Compliance Officer, effective July 21, 2026.The Board of Directors approved the elevation of Mr. Rohit Kapoor to the CFO position. This transition was necessitated by regulatory provisions under the Companies Act, 2013, which stipulate that a single individual cannot simultaneously hold both the roles of Company Secretary and Chief Financial Officer when both are required appointments for Key Managerial Personnel (KMP).
Mr. Kapoor submitted his resignation as Company Secretary and Compliance Officer consequent to his appointment as CFO. The company extended sincere appreciation for Mr. Kapoor's significant contributions during his tenure in the secretarial role.
Professional Background of CFO Rohit Kapoor
In the new capacity, Mr. Kapoor brings extensive experience to Shivalic Power Control Limited. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and possesses over 13 years of expertise spanning corporate secretarial functions, financial management, regulatory compliance, and corporate governance.His professional background includes strong specialization in financial planning and analysis, budgeting, financial reporting, internal financial controls, treasury and working capital management, and statutory and regulatory compliances. Mr. Kapoor has a proven track record in ensuring compliance with the Companies Act, 2013, SEBI Regulations, and other applicable laws. His combined expertise allows him to align financial disciplines with sound governance practices, supporting strategic decision-making and risk management at the organization.
SPCL Stock Price Movement
Shivalic Power Control Limited shares today slipped by 0.52% to settle at ₹66.85 in the post-market trading session. The stock saw a traded volume of 10,200 shares during the day.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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