CMR Green CFO resignation: CMR Green Technologies Ltd disclosed in a BSE filing dated October 3, 2026, that Yugal Kishor Garg has tendered his resignation as Chief Financial Officer and Key Managerial Personnel. He will cease to hold both designations with effect from October 23, 2026.

Garg submitted his resignation letter on October 3, citing personal commitments and priorities. The company informed the exchanges under Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The filing also outlined a proposed successor. Satish Kumar Kaushik, who joined as President Finance with effect from September 28, 2026, is proposed to be designated CFO and Key Managerial Personnel.

Proposed CFO designation awaits November board meeting

Kaushik's proposed designation remains subject to board approval at the company's ensuing meeting scheduled for November 2026. CMR Green said the proposal is pursuant to Section 203 of the Companies Act, 2013.

His September appointment as President Finance is separate from the proposed CFO designation. The filing lists the term of appointment as approved by the board and does not specify a fixed tenure.

The company said it would make the requisite disclosure to the stock exchanges after the board grants approval, in accordance with applicable SEBI LODR provisions. The intimation was addressed to both BSE and the National Stock Exchange; the company is identified by BSE scrip code 544777 and NSE symbol CMRGREEN.

Satish Kumar Kaushik's finance background

According to the disclosed profile, Satish Kumar Kaushik holds an MBA in Finance, a CMA qualification and a B.Com degree. He has nearly 25 years of experience across corporate finance, fundraising, project financing, risk management, taxation compliance, corporate restructuring, mergers, IPO preparation, planning and board-level stakeholder management.

The profile credits him with helping secure an MoU at the World Economic Forum 2025 through engagement with Maharashtra government officials, followed by another MoU involving Andhra Pradesh government officials.

  • Kaushik is not related to any director of CMR Green Technologies.
  • His disclosed shareholding in the company is nil.
  • The company stated that no SEBI or other authority order debars him from holding the CFO office.