Campus Activewear loses its CFO weeks after FY26 close
Sanjay Chhabra quits citing personal reasons; no replacement named yet. The exit creates a gap in financial stewardship at a company with ₹7,285 cr market cap and zero debt.
— 6 earlier stories on Campus Activewear Ltd. →What's new
- CFO Sanjay Chhabra resigns effective July 7, 2026, citing personal reasons.
- He also ceases as chief risk officer on the same date.
- Company has not named a successor; says search is underway.
Why this matters
A CFO leaving without a handover period injects uncertainty into financial reporting continuity and investor communication. For a mid-cap with a trailing P/E of 48.5, any disruption to credibility is amplified. Campus now faces scrutiny on how quickly it fills the role and who it picks.
What we're watching
- Timeline of CFO appointment and profile of the candidate.
- Any guidance changes or postponement of financial announcements.
- Management commentary on whether the resignation was sudden or planned.
The full read
Campus Activewear's CFO Sanjay Chhabra is out, effective July 7, 2026, citing personal reasons. The company has no replacement in hand. For a mid-cap with a ₹7,285-crore market cap and a 48.5x P/E multiple that already prices in growth, losing a key managerial person creates a vacuum. Even on amicable terms, the exit matters. Chhabra also held the chief risk officer role. The resignation comes just weeks after Campus declared a ₹1.50 final dividend for FY26 and laid out plans to open 60 exclusive stores in FY27. That expansion story now lacks a named financial steward. The open question is how quickly and from where Campus finds its next CFO.
Questions answered
- Why did Sanjay Chhabra leave Campus Activewear?
- The company disclosed his resignation citing 'personal reasons' — a standard phrasing that offers no operational or governance red flag, but leaves the motive unclear.
- When does Chhabra's resignation take effect?
- He steps down from the close of business on July 7, 2026, which gives the company roughly a month to start the search but not much time to ensure a smooth handover.
- Who is the acting CFO in the interim?
- Campus has not announced an interim arrangement. The filing only states that the search for a replacement is underway and will be communicated in due course.
- How significant is a CFO resignation for a company of this size?
- Campus is a mid-cap footwear maker with a market cap of ₹7,285 crore and zero debt. The CFO is critical for investor trust, especially when the stock trades at 48.5x trailing earnings. A delay in appointing a credible successor could weigh on sentiment.
Story so far
All notes on CAMPUS →- 12 Jun 2026 · 4:37 PM IST Campus Activewear loses its CFO weeks after FY26 close
- 14d ago Campus Activewear's earnings transcript is a backward-looking record
- 17d ago Campus Activewear board confirms FY26 results and dividend
- 18d ago Campus Activewear bets on sneakers and stores for next growth leg
- 18d ago Campus Activewear re-releases FY26 numbers. They haven't changed.