Simmonds Marshall Ltd Announces CFO Change and New CEO Appointment; Approves Quarterly Results
Simmonds Marshall Limited has announced several key changes in its leadership structure, confirming the appointment of a new Chief Executive Officer (CEO) and filling the role of Chief Financial Officer (CFO). The company also approved the un-audited financial results for the quarter ending June 30, 2026.The Board of Directors held a meeting on August 7, 2026, during which several critical operational matters were addressed, including significant changes in its key managerial personnel.
Leadership Appointments and Departures
The company confirmed that Mr. Dhruv Pandya resigned from his position as Chief Financial Officer (CFO), effective the close of business hours on August 24, 2026.Subsequently, Mr. Suryakant Sethia was appointed as the new CFO. The Board approved the appointment following the recommendation of the Nomination and Remuneration Committee and Audit Committee. Mr. Sethia is set to join the company effective August 25, 2026.
Simmonds Marshall Ltd confirmed the appointment of Mr. Krishna Mohan as the Chief Executive Officer (CEO), also designating him as Key Managerial Personnel, effective immediately on August 7, 2026. The appointment followed a recommendation by the Nomination and Remuneration Committee.
Details regarding these management changes are presented below:
| Position | Name | Effective Date/Cessation | Status |
|---|---|---|---|
| Chief Financial Officer (CFO) | Mr. Dhruv Pandya | Closure of business hours on August 24, 2026 | Resignation |
| CFO | Mr. Suryakant Sethia | August 25, 2026 | Appointment |
| Chief Executive Officer (CEO) | Mr. Krishna Mohan | August 7, 2026 | Appointment |
Mr. Suryakant Sethia was introduced as a Chartered Accountant with over 20 years of experience in Finance and Accounts. His expertise includes auditing, financial reporting, Treasury management, financial analysis, budgeting, forecasting, and strategic financial advising. Mr. Krishna Mohan brings over 29 years of progressive experience in manufacturing operations, plant leadership, and business management.
Financial Results and General Meeting Details
In addition to the personnel changes, the Board approved the Un-Audited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 2026, which were recommended by the Audit Committee. The results were accompanied by a Limited Review Report received from the Statutory Auditor of the Company.Simmonds Marshall Limited also announced that its Annual General Meeting is scheduled to be held on Tuesday, September 22, 2026, at 11:00 a.m.
Stock Price Movement
Simmonds Marshall Ltd shares closed down in the market, settling at ₹192.00 on Friday after shedding 8.53% of its value.The equity traded within a notable intraday range, moving between a high near ₹214.90 and lows dipping towards ₹190.05.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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