Shoppers Stop Appoints Pankaj Chaturvedi as CFO, Karunakaran Mohanasundaram Resigns
Shoppers Stop Limited announced Mr. Karunakaran Mohanasundaram's resignation as CFO, effective February 17, 2026. Mr. Pankaj Chaturvedi has been appointed as the new CFO, effective April 1, 2026. Chaturvedi brings over 25 years of finance experience.
A change in CFO is a material event for a listed company, impacting financial strategy and investor confidence. The appointment of a new, experienced CFO suggests continuity, but the transition period and the performance of the new appointee will be closely watched by the market.
The announcement details a change in Chief Financial Officer, with one executive resigning and another being appointed. While this is a significant management change, the company has appointed a replacement, mitigating potential negative impact. The sentiment is neutral as it represents a standard transition.
Shoppers Stop Limited announced changes in its Key Managerial Personnel following a Board Meeting held on February 10, 2026.
Mr. Karunakaran Mohanasundaram has resigned from his position as Chief Financial Officer (CFO) to pursue an alternative career opportunity outside the organization. His resignation is effective from the close of business hours on February 17, 2026. The Board of Directors expressed their appreciation for his valuable contributions during his tenure.
Subsequently, the Board, based on the recommendation of the Nomination, Remuneration and Corporate Governance Committee and approval from the Audit Committee, has appointed Mr. Pankaj Chaturvedi as the new Chief Financial Officer and Key Managerial Personnel. His appointment is effective from April 1, 2026. Mr. Chaturvedi is a Chartered Accountant with a master's degree in commerce and brings over 25 years of experience in financial strategy across the Telecom, Aviation, and Media & Entertainment sectors. He has previously held CFO positions at Saregama India Limited and Go Airlines India Ltd, among other key roles at companies like Vodafone, Reliance Jio, and Hitachi.
The Board Meeting commenced at 3:40 p.m. and concluded at 3:50 p.m. This information is also available on the company's corporate website.
What to do with a filing like this
Shoppers Stop Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shoppers Stop Limited. Read the original for the full detail.