What’s new

• Sungold Media appointed Amit Kotia as CFO, effective June 5, 2026.
• The role was vacant since Jayesh Patni's resignation on May 28.
• Kotia is the brother of promoter Rajiv Kotia and uncle of CMD Raj Kotia.

Why it matters

The CFO role is critical for financial oversight at a tiny public company. Filling it with a promoter family member whose expertise is in property, not accounting, narrows the circle of independent control. For a nano-cap, this is a governance statement as much as a hiring one.

What we’re watching

• Whether the new CFO's fundraising background translates into any capital-market moves.
• Any change in Sungold's financial reporting or disclosure patterns.
• Market reaction to the appointment at a ₹13 cr company.

The full read

Sungold Media, a ₹13 crore nano-cap, has named Amit Kotia as its CFO. The hire fills a post vacated by Jayesh Patni's resignation on May 28. Kotia brings 46 years of experience. None of it is in corporate finance or accounting. His background is in property development, fundraising, and marketing. He is the brother of promoter Rajiv Kotia and uncle to CMD Raj Kotia, who controls 48.02% of the company. The filing restores a key post but tightens the promoter family's grip on the finance function. For a company this small, the CFO carries real weight. Hardly independent. The open question is whether a property developer can provide the scrutiny a public company requires.

Primary source: BSE · NSE