Yaap Digital Limited Appoints Jigesh Shah as Chief Financial Officer
Yaap Digital Limited, formerly known as Yaap Digital Private Limited, has announced a significant change in its senior finance leadership following decisions made by its Board of Directors. Mr. Shyamal Madhvi voluntarily resigned from the position of Chief Financial Officer (CFO), with effect from July 10, 2026, and will continue to serve as Finance Head at the company.The resignation occurred amidst a period of strategic evolution for the digital marketing domain in which the company operates. The decision was influenced by the evolving business requirements and strategic priorities of Yaap Digital Limited, particularly following the demise of Managing Director Mr. Atul Hegde.
Concurrently, the Board approved the appointment of Mr. Jigesh Shah as the new Chief Financial Officer (CFO), effective from July 10, 2026. Mr. Madhvi’s resignation was accepted by the company, which sincerely appreciated the valuable services and contributions he provided during his tenure.
The transition details and key information regarding the changes are presented below:
| Particulars | Resignation of Mr. Shyamal Madhvi | Appointment of Mr. Jigesh Shah |
|---|---|---|
| Role/Status | Ceased as Chief Financial Officer (Key Managerial Personnel) and transition to Finance Head. | Appointed as Chief Financial Officer (Key Managerial Personnel). |
| Cessation/Appointment Date | Close of business hours on July 10, 2026. | Effective from July 10, 2026. |
| Reason for Change | Resignation in the best interest of the Company and continuation as Finance Head. | Appointment to meet the growing strategic needs of the company. |
Mr. Jigesh Shah Profile
Mr. Jigesh Shah brings over 27 years of extensive experience in corporate finance, financial strategy, governance, and accounting across diverse, high-growth industries. He holds a first-class Bachelor of Commerce degree from Bombay University and is a qualified Chartered Accountant (CA) from The Institute of Chartered Accountants of India (ICAI).His previous roles include General Manager - Finance at Yash Raj Films Private Limited, where he managed treasury operations and credit structures. Earlier in his career, Mr. Shah served as Manager - Finance Accounts / Finance Analyst at Telstra India Private Limited, contributing to financial reporting and process excellence. His experience also includes key finance positions with Express it Logistics Worldwide, IT-People (India), TransIndia Freight Services, and Meridian Cargo Express, focusing on financial transformation and control strengthening.
Regarding the appointment of Mr. Jigesh Shah, he is not related to any Director of the Company and is not debarred from holding office by any authority.
YAAP Stock Price Movement
Amid the current market activity, Yaad Digital Limited stock is tumbling to ₹151.65 as of 3:19 PM, shedding 4.98% in live trading. The equity saw a traded volume of 5,000 shares during the session.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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