Tips Films Appoints Saurabh Rathi as CFO, Accepts Haresh Sedhani's Resignation
Tips Films Limited approved Q1 FY27 results showing a net profit/(loss) of ₹(1,584.95) Lakhs and income of ₹4,824.28 Lakhs. The company accepted CFO Haresh Sedhani's resignation, effective Sept 22, 2026, and appointed Saurabh Rathi as the new CFO from Sept 23, 2026.
The change in Chief Financial Officer is a significant management change that can impact the company's financial strategy and operations. The financial results themselves are also material.
The announcement includes the approval of financial results which show a loss, but also the appointment of a new CFO with a strong profile. The overall sentiment is neutral as the positive and negative aspects balance out.
Tips Films Limited announced key changes in its financial leadership following a Board of Directors meeting held on August 14, 2026.
The Board considered and approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. The financial results indicate a net profit/(loss) after tax of ₹(1,584.95) Lakhs for the quarter ended June 30, 2026, compared to ₹(2,941.12) Lakhs in the same quarter of the previous year. Total income from operations for the quarter was ₹4,824.28 Lakhs.
Additionally, the Board accepted the resignation of Mr. Haresh Sedhani from the position of Chief Financial Officer (KMP) due to personal reasons, with his cessation effective from the close of business hours on September 22, 2026. Concurrently, the Board approved the appointment of Mr. Saurabh Rathi as the new Chief Financial Officer (KMP), effective September 23, 2026. Mr. Rathi is a Chartered Accountant with over 14 years of experience in finance and accounts within the Media and Entertainment industry, having previously worked with companies such as The Walt Disney Company and Yash Raj Films.
The Board meeting commenced at 11:45 a.m. and concluded at 12:50 p.m.
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