Sanathnagar Enterprises Limited announced the resignation of Mr. Kiran Kokare, Chief Financial Officer (CFO) of the Company with effect from the close of business hours of October 23, 2023 due to pre-occupation. Subsequent to his resignation as CFO, he will also cease to be a Key Managerial Personnel under the provisions of Section 203 of the Companies Act, 2013. Approved the appointment of Mr. Vikash Mundhra as CFO of the Company on the recommendation of the Nomination and Remuneration Committee and based on the approval of the Audit Committee of the Company with effect from October 24, 2023.

Accordingly, pursuant to Section 203 of the Companies Act, 2013, Mr. Vikash Mundhra shall also act as the Key Managerial Personnel of the Company. Mr. Vikash Mundhra is a Member of Institute of Chartered Accountants of India having 12+ years of experience in the field of Accounts and Finance. He is associated with Lodha Group from the last 2.5 years.

Prior to joining Lodha Group, he was associated with Prism Johnson Limited.