EKI Energy CFO resigns; internal handover gets board nod
CFO Mohit Agarwal stepped down citing personal commitments. Internal executive Pooja Jorway takes over for a five-year term, subject to shareholder approval.
— 1 earlier story on EKI Energy Services Ltd. →What's new
- CFO and Whole-Time Director Mohit Agarwal resigned effective July 15, 2026.
- Board appointed Pooja Jorway as new CFO and Whole-Time Director from July 16.
- Jorway has several years of internal experience from the MD's office.
Why this matters
For a nano-cap like EKI, the CFO role is central to financial controls and credibility. While the orderly internal transition softens the blow, the departure of a key financial leader raises questions about management stability, especially given the company's recent PAT decline.
What we're watching
- Shareholder approval for Jorway's appointment.
- Any further management changes in the near term.
- Impact on quarterly reporting credibility.
The full read
EKI Energy is losing its CFO. Mohit Agarwal resigned effective July 15, 2026, citing personal commitments. The board moved fast: Pooja Jorway takes over from July 16 for a five-year term, pending shareholder approval. An internal handover. Jorway has spent several years in the managing director's office on financial planning and reporting — she knows the books. For a nano-cap at ₹241 crore market cap, the CFO role is the linchpin of financial credibility, and any change at the top of finance is a material governance event, even if the transition looks orderly. The company is coming off a quarter where PAT dropped 18.4%, even as revenue crept up 12.4%. The next test: whether the reporting cadence stays smooth under new stewardship.
Questions answered
- Why did Mohit Agarwal resign?
- He resigned for personal commitments, effective July 15, 2026.
- Who is the new CFO?
- Pooja Jorway, an internal candidate with an MBA and experience from the managing director's office.
- How long is the new CFO's term?
- Five years, subject to shareholder approval.
- Is this a sudden resignation?
- The effective date is July 15, 2026, which is in the future, suggesting a planned transition.
- What is EKI's financial health?
- Trailing revenue growth is 12.4% but PAT declined 18.4%; market cap is ₹241 crore.
- How does this affect the electricity trading licence news?
- The licence win from May 2026 is separate; the CFO change is a governance event.
Story so far
All notes on EKI →- 15 Jul 2026 · 8:44 PM IST EKI Energy CFO resigns; internal handover gets board nod
- 50d ago EKI Energy Services wins 25-year licence to trade electricity