Suncare Traders Ltd Announces Key Managerial Personnel Changes: New Director Appointed, Veteran CFO Steps Down
Suncare Traders Ltd has seen changes in its management team, with the board approving the appointment of a new Whole-time Director and Chief Financial Officer (CFO), alongside accepting the resignation of an existing KMP. These transitions were formalized on 21.07.2026.The company appointed Mr. Ramesh Salvi to the position of Whole-time Director and Chief Financial Officer. According to details provided by the board, Mr. Salvi is 32 years old and possesses five years of experience in accounts and finance, securing his appointment as a Key Managerial Personnel (KMP). As per initial disclosures regarding insider trading regulations, Mr. Ramesh Salvi holds Nil percentage of shares in the company.
Key details relating to the appointment are summarized below:
| KMP Name | Reason for Change | Date of Appointment | Brief Profile |
|---|---|---|---|
| Mr. Ramesh Salvi | Appointment | 21.07.2026 | 32 years old with 5 years experience in accounts and finance |
The company also accepted the resignation of Mr. Harshad Rathod from his role as Whole-time Director and Chief Financial Officer (KMP). The change, effective 21.07.2026, is attributed to personal commitments. During his tenure, Mr. Rathod held directorships in one listed entity.
The particulars regarding the resignation of Mr. Harshad Rathod are detailed as follows:
| KMP Name | Reason for Change | Date of Cessation |
|---|---|---|
| Mr. Harshad Rathod | Resignation due to personal commitments | 21.07.2026 |
Stock Price Movement
Suncare Traders Ltd shares settled at ₹0.48 on Tuesday, declining 2.04% from the previous close. The stock traded within an intraday range established between a low of ₹0.47 and a high of ₹0.50.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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