Facor Alloys Limited has announced that Mr. Vijay Vashisth, Deputy Chief Financial Officer (Dy. CFO) and a Key Managerial Personnel, has officially stepped down from his position as of December 31, 2024.
Timeline and Details:
- Initial Resignation: Mr. Vashisth submitted his resignation on October 1, 2024, citing personal reasons. At that time, his last working day was expected to be November 5, 2024.
- Notice Period Extension: Following discussions, Mr. Vashisth extended his notice period, continuing to serve in his role until the close of business hours on December 31, 2024.
- Final Cessation Date: His resignation became effective at the end of December 31, 2024.
Reason for Resignation:
Mr. Vashisth’s resignation was attributed to personal reasons. The company has stated that there are no further disclosures regarding his decision to step down.
This development marks the conclusion of Mr. Vashisth’s tenure with the company. Facor Alloys Limited extended its acknowledgment and gratitude for his contributions during his service as the Deputy CFO.
Compliance:
The company has ensured compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has provided the required disclosures to the stock exchanges.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always refer to official company filings for accurate details.
