Patel Retail Limited announced a change in its Key Managerial Personnel. The Board of Directors, in a meeting held on December 23, 2025, accepted the resignation of Mr. Manish Rambabu Agarwal from the position of Chief Financial Officer (CFO) and consequently as Key Managerial Personnel and Senior Management Personnel, effective from the close of business hours on December 23, 2025. Mr. Agarwal cited medical and personal reasons for his resignation. The Board expressed its appreciation for his contributions. Concurrently, Mr. Hitesh B. Sawlani, currently Vice President – Accounts & Finance, has been promoted and appointed as the new Chief Financial Officer, designated as Key Managerial Personnel and Senior Managerial Personnel. This appointment is effective from December 24, 2025. Mr. Sawlani is a Chartered Accountant with over a decade of experience in finance, taxation, audit, and compliance. The Board has also authorized Mr. Sawlani to determine the materiality of information and make disclosures to the stock exchanges, in addition to other authorized personnel. The Board meeting commenced at 04:30 P.M. (IST) and concluded at 04:49 P.M. (IST).
