Transformers and Rectifiers India Limited (TARIL) filed a board resolution on March 5, 2026, informing exchanges of changes in its key managerial personnel.
Chanchal S S Rajora stepped down as Chief Financial Officer with effect from March 5, 2026. He will continue as Director (Finance) and remain a senior management person.
The board confirmed no material reason for his resignation and noted that he will no longer be authorised to determine materiality of events for exchange disclosures.
Mehul Shah was appointed as the new Chief Financial Officer, also effective March 5, 2026, following the recommendation of the Nomination and Remuneration Committee.
Shah is a Chartered Accountant with over 26 years of experience in strategic accounting, financial operations, fund management, budgeting, compliance, taxation and corporate governance, having served organisations such as Nirma Limited, Adani Enterprises Limited and Reliance Logistics Private Limited.
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The board meeting began at 11:30 a.m. and concluded at 12:50 p.m. on the same day. The resolution was signed by Managing Director and CEO Satyen Mamtora.
The changes were communicated in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements and relevant SEBI master circulars. Annexure A and Annexure B containing the resignation letter and appointment profile were submitted to the exchanges.
As of March 05, 2026, at 1:33 PM, Transformers and Rectifiers share price on NSE was trading at ₹292.25 up by 0.85% from the previous closing price.
Transformers and Rectifiers India has formally recorded the resignation of its former CFO and the induction of Mehul Shah as the new CFO, ensuring continuity of finance leadership while complying with SEBI disclosure norms.
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Published on: Mar 5, 2026, 2:09 PM IST
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