Sulabh Engineers appoints Shukla as CFO from 7 November 2026

Sulabh Engineers and Services Limited appointed Abhishek Shukla as chief financial officer from 7 November 2026, following Shraddha Mishra’s resignation effective at the close of business on 6 November 2026. Sulabh Engineers said Shukla brings 28 years of experience at State Bank of India, where he retired as Deputy Manager cum Chest Officer.

When does Sulabh Engineers' CFO transition take effect?

Sulabh Engineers’ CFO transition takes effect across 6 and 7 November 2026. Shraddha Mishra ceased to be chief financial officer at the close of business on 6 November 2026, while Abhishek Shukla’s appointment as CFO took effect on 7 November 2026. The disclosed dates place the new appointment on the day after the outgoing CFO’s cessation.

Sulabh Engineers’ board considered both changes at its meeting on 6 November 2026. The meeting was held at the corporate office in Kanpur, Uttar Pradesh, began at 3:30 p.m. and concluded at 4:00 p.m. The board approved Shukla’s CFO appointment after recommendations from the Nomination and Remuneration Committee and the Audit Committee.

The CFO appointment was made under Section 203 of the Companies Act, 2013 and the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements regulations. Sulabh Engineers disclosed the management changes under Regulation 30 on 6 November 2026, identifying Shukla’s effective date as 7 November 2026.

Why did Sulabh Engineers' previous CFO resign?

Sulabh Engineers said Mishra resigned for personal reasons, effective at the close of business on 6 November 2026. Her 6 November 2026 resignation letter additionally stated that she was leaving without any material reasons and asked Sulabh Engineers to relieve her of her duties.

Mishra requested Sulabh Engineers to file the necessary e-form with the Registrar of Companies regarding her resignation. The Regulation 30 disclosure records the event as a CFO resignation rather than a removal, death or expiry of a specified appointment term.

The filing does not set out a financial reporting issue, audit matter or other reason beyond the personal reasons cited by Mishra in her letter dated 6 November 2026. It also does not disclose her compensation, length of service as CFO or a separate notice period for the transition.

What is Abhishek Shukla's banking experience?

Sulabh Engineers describes Shukla as a seasoned banker with 28 years at State Bank of India. His stated career path included Clerk cum Cashier, officer-cadre roles and Branch Manager before he retired as Deputy Manager cum Chest Officer.

The 6 November 2026 profile says Shukla brings an independent practitioner’s view on credit and liquidity risk, internal controls, regulatory compliance and banking relationships. These are the specific areas of experience Sulabh Engineers presented alongside his CFO appointment effective from 7 November 2026.

Sulabh Engineers identifies Shukla as a graduate in its disclosure. The filing does not provide the dates of his State Bank of India employment, the branches where he worked, or the responsibilities attached to each of the roles listed in his 28-year career summary.

What does Sulabh Engineers disclose about Shukla's governance position?

Sulabh Engineers says Shukla is not related to any other director on its board. Its 6 November 2026 disclosure also records that he has no other directorships and nil shareholding in Sulabh Engineers at the time of his appointment as CFO.

The filing identifies Shukla’s CFO appointment as being in accordance with Section 203 of the Companies Act, 2013 and the listing regulations. It does not state his compensation, a fixed employment term, reporting lines, or any separate conditions attached to the CFO role beginning on 7 November 2026.

Sulabh Engineers’ disclosure distinguishes the governance information for the CFO appointment from the separate proposed executive-director appointment. For the CFO role, the board gave an effective date of 7 November 2026; for the executive-director proposal, the board specified a prior approval condition.

Is Shukla also proposed to become a director of Sulabh Engineers?

Sulabh Engineers has separately approved Shukla’s proposed appointment as an executive director, subject to prior approval from the Reserve Bank of India and any other required statutory or regulatory approvals. The board considered that proposal on 6 November 2026 following a recommendation from the Nomination and Remuneration Committee.

The proposed executive-director role is distinct from the CFO appointment effective on 7 November 2026. Sulabh Engineers attached the Reserve Bank of India condition to the director proposal under the Reserve Bank of India Non-Banking Financial Companies governance directions cited in its announcement.

Sulabh Engineers’ filing does not say that Reserve Bank of India approval had been received as of 6 November 2026. It also does not provide a target date for that approval, a proposed effective date for the executive-director role, or details of any other approvals that may be required.

Conclusion

Sulabh Engineers completed a next-day CFO handover by recording Mishra’s resignation from the close of 6 November 2026 and appointing Shukla from 7 November 2026. The disclosed reason for Mishra’s departure is personal reasons, while Shukla’s stated qualification for the finance role is his 28-year State Bank of India career spanning cash, officer, branch-management and chest-officer responsibilities.

The next disclosed matter to watch is Shukla’s proposed executive-director appointment. Sulabh Engineers said on 6 November 2026 that the proposal requires prior Reserve Bank of India approval and any other applicable approvals, but it did not disclose whether those approvals had been obtained or give a timetable for a decision.