H.G. Infra Engineering appoints new CFO as fiscal year ends
Vikas Jain takes over as CFO in July 2026, while the company maintains that a pending CBI investigation carries no financial impact.
— 4 earlier stories on H.G. Infra Engineering Ltd. →What's new
- Vikas Jain replaces Rajeev Mishra as CFO starting July 2026.
- Rajeev Mishra moves to lead Investor Relations and Corporate Affairs.
- The board recommended a dividend of ₹2.00 per share.
- Management maintains that the ongoing CBI investigation has no financial impact.
Why this matters
Leadership transitions at the CFO level often signal a shift in corporate priorities or reporting style. While the dividend and results are standard fiscal year-end procedures, the ongoing CBI investigation remains a lingering point of uncertainty for shareholders.
What we're watching
- Any further updates on the scope or timeline of the CBI investigation.
- The impact of the leadership change on the company's capital allocation strategy.
- Future commentary on the company's order book and project execution.
The full read
H.G. Infra Engineering closed its fiscal year with a leadership shuffle and a ₹2.00 per share dividend recommendation. Vikas Jain takes over as CFO in July 2026, replacing Rajeev Mishra, who shifts to a new role overseeing Investor Relations and Corporate Affairs. The filing also addresses the CBI investigation that began in January 2026. Management maintains that the probe has no financial impact on the firm. These results are routine for a fiscal year-end, though the leadership transition marks a change in the company's executive structure. The open question remains the duration and potential outcome of the CBI inquiry, despite management's current stance on its lack of financial materiality.
Questions answered
- Who is the new CFO of H.G. Infra Engineering?
- Vikas Jain has been appointed as the new CFO, effective July 2026.
- What role will the outgoing CFO Rajeev Mishra take?
- Rajeev Mishra will transition to a new role heading Investor Relations and Corporate Affairs.
- What is the status of the CBI investigation mentioned in the filing?
- The investigation was initiated in January 2026. Management asserts that it has no financial impact on the company.
- What dividend did the company recommend?
- The board recommended a dividend of ₹2.00 per share for the fiscal year ended March 31, 2026.
Story so far
All notes on HGINFRA →- 29 May 2026 · 9:47 AM IST H.G. Infra Engineering appoints new CFO as fiscal year ends
- 1d ago H.G. Infra cuts FY27 revenue target by 20%, loses ₹4,000 cr Nagpur project
- 1d ago H.G. Infra profit drops 33% as CBI probes employees
- 1d ago H.G. Infra's revenue slips, new CFO takes charge
- 3d ago H.G. Infra wins ₹114.53 cr annual contract for Jharkhand power project