What roles does this leave vacant?

Yadav was both CFO and the key managerial person for finance. His departure means Duroply has no named executive overseeing financial reporting, statutory compliance, or the finance function.

Is there a successor named?

No. The exchange filing does not name a replacement, outline an interim arrangement, or provide a timeline for hiring a new CFO.

Why does this matter more for a nano-cap?

In small companies, the CFO often manages critical relationships with lenders, auditors, and regulators. An abrupt exit without a plan can disrupt cash management, delay reporting, or raise governance questions that large companies could absorb more easily.

Plywood and Laminates · Micro cap

Duroply's CFO quit. The company has no backup plan.

Vijay Kumar Yadav resigned on June 10 with immediate effect. The plywood maker has no named successor or transition plan.

— 3 earlier stories on Duroply Industries Ltd. →

DUROPLY By Tipsheet Editorial 10 Jun 2026 · 3:28 PM IST Verify on BSE · NSE

Mkt cap₹135 cr

P/E45.82×

ROE5.82%

Debt / eq.0.39

June 10 Effective date of CFO resignation with no transition plan.

What's new

Duroply Industries CFO Vijay Kumar Yadav resigned June 10, effective immediately, citing personal reasons.
The company accepted the resignation but gave no replacement name or transition timeline.
Yadav also served as key managerial personnel for finance, leaving two critical oversight roles vacant.

Why this matters

An immediate, unexplained CFO exit from a nano-cap with recent earnings pressure leaves the finance function headless. For a small manufacturer, the CFO often controls bank relationships, compliance, and internal controls. A vacuum there is not ceremonial.

What we're watching

Whether Duroply names an interim CFO or outsources the function in its next filing.
Any change in audit qualifications or disclosure quality in upcoming results.
Promoter activity — insider selling or pledge changes in the days ahead.

The full read

Duroply Industries lost its CFO on June 10. Vijay Kumar Yadav, who also held the key-managership for finance, quit with immediate effect and cited personal reasons. The board accepted the resignation the same day and disclosed it to the BSE, attaching his letter. It did not name a successor. It did not outline interim controls. For a nano-cap plywood maker already under earnings pressure, the double vacancy in financial oversight is more than administrative. The open question is whether Duroply can recruit a credible finance head quickly, or whether the role stays empty long enough to complicate statutory filings and lender confidence.

Questions answered

What roles does this leave vacant?: Yadav was both CFO and the key managerial person for finance. His departure means Duroply has no named executive overseeing financial reporting, statutory compliance, or the finance function.
Is there a successor named?: No. The exchange filing does not name a replacement, outline an interim arrangement, or provide a timeline for hiring a new CFO.
Why does this matter more for a nano-cap?: In small companies, the CFO often manages critical relationships with lenders, auditors, and regulators. An abrupt exit without a plan can disrupt cash management, delay reporting, or raise governance questions that large companies could absorb more easily.

Mentioned: Vijay Kumar Yadav · Duroply Industries · June 10 resignation

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on DUROPLY →

10 Jun 2026 · 3:28 PM IST Duroply's CFO quit. The company has no backup plan.
14d ago Duroply shifts to contract manufacturing as margins face cost pressure
20d ago Duroply profit sinks 62% in FY26 despite revenue growth
20d ago Duroply swings to Q4 loss of ₹2.45 cr, FY profit down 62%