Carysil says its Executive Director and Group CFO has resigned, effective 16 November
Carysil said in a filing with the National Stock Exchange that its Executive Director and Group Chief Financial Officer resigned on 4 November 2026, citing inability to relocate to its Bhavnagar headquarters.
Key points
- Carysil said in an exchange filing that its Executive Director and Group Chief Financial Officer tendered his resignation on 4 November 2026.
- The resignation takes effect at the close of business on 16 November 2026, and the board noted it at its meeting the same day.
- The company gave personal reasons and an inability to relocate to Bhavnagar; it says there are no other material reasons.
Photo: Breather breather / Wikimedia Commons, CC0 1.0 (cropped). Representational image.
Carysil Limited said in a filing with the National Stock Exchange that its Executive Director and Group Chief Financial Officer has resigned from both positions. According to the filing, he sent his resignation by email on 4 November 2026, and it takes effect at the close of business hours on 16 November 2026.
What Happened
The company disclosed the resignation after a board meeting held on 4 November 2026, at which the board took note of it. The same meeting approved the company's unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
The filing gives this reason for the resignation: "As the Company embarks on its next phase of growth under Carysil 2.0, the Company requires its leadership team to be around the Chairman at the Company's headquarters at Bhavnagar." It adds: "Due to personal reasons," the officer "is unable to relocate to the Company's headquarters as required by the Company and has accordingly resigned."
Carysil said the officer has confirmed that there are no other material reasons for his resignation apart from those in his resignation email. The company will make a further intimation to the stock exchanges when the resignation takes effect, and will then submit a copy of the resignation email with the detailed reasons.
The filing describes the post as a key managerial personnel position. It does not name a successor, and the filing contains no information on who will take over the finance function.
The company also said the trading window for designated persons under its insider trading code will reopen on Saturday, 7 November 2026.
What It Means
A chief financial officer's exit is a change in the person who signs off a company's accounts, so exchange rules require it to be disclosed. The filing reports the resignation as a decision linked to relocation and personal reasons. It does not say the officer left over any dispute, and nothing in the filing alleges any wrongdoing.
The company says it will file the resignation email with the exchanges once the resignation takes effect on 16 November 2026. Shareholders can read the full filing on the National Stock Exchange's website. Complaints against listed companies can be made at https://scores.sebi.gov.in.
Oquilia Data: CARYSIL Ltd. (NSE: CARYSIL)
| Close, 3 Nov 2026 | Rs 1,009.20 (+1.74% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −3.41% / −15.07% / +11.77% / +12.30% / +2.22% |
| Against Nifty 50, 1M / 3M / YTD | −9.60 / −11.18 / +21.17 points |
| 52-week closing high / low | Rs 1,251.70 (10 Aug 2026) / Rs 737.05 (21 Jan 2026) |
| Turnover, 20-session average | Rs 5.72 cr; 54.4% delivered; latest volume 1.7x |
| Insider trades, 90 days | 1 purchase (Rs 0.20 cr), 0 sales (Rs 0.00 cr) |
Closes adjusted for splits and bonuses; returns exclude dividends; insider figures from BSE filings. Facts from NSE's files, not investment advice.
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India