Maniveni Foods loses CFO and company secretary in same day
Both key managerial personnel resigned with immediate effect. The CFO oversaw the company's SME IPO and now departs just weeks after first post-listing results showed a 16.6% revenue decline.
— 2 earlier stories on MR Maniveni Foods Ltd. →What's new
- CFO Ramya Ramakrishnan and CS Krishnamachari Ramu resign effective June 30, 2026.
- CFO leaves after leading the SME IPO; CS cites personal reasons.
- First post-listing results already showed a 16.6% revenue slide year-on-year.
Why this matters
For a newly listed nano-cap with a market cap of just ₹73 crore, losing both the chief financial and compliance officers simultaneously is a serious governance signal. It removes institutional knowledge of the IPO process and raises questions about financial controls and investor relations, especially after a weak first quarter.
What we're watching
- Who steps in as CFO and CS: speed of appointment matters.
- Any regulatory filings or board explanations regarding the departures.
- Stock price reaction given the recent listing and already weak fundamentals.
The full read
M.R. Maniveni Foods, a nano-cap with a ₹73 cr market cap, just listed on the SME exchange. Its first post-listing results showed revenue down 16.6%. Now both the CFO and company secretary have resigned on the same day, effective immediately. The CFO oversaw the SME IPO; the CS cited personal reasons. For a company this small, losing both the financial and compliance heads at once is a material governance event. It removes the people who know the company's books and regulatory obligations, and it comes just after a weak set of numbers. The open question is how quickly the board can fill these roles and whether the exits signal deeper issues that have not been disclosed yet.
Questions answered
- Why did the CFO and company secretary resign at the same time?
- The CFO, Ramya Ramakrishnan, cited pursuing other opportunities after overseeing the SME IPO. The company secretary, Krishnamachari Ramu, gave personal reasons. Neither provided additional detail.
- How significant is this for a company of Maniveni's size?
- Very significant. With a market cap of ₹73 crore, the company is a nano-cap. Losing both key managerial personnel simultaneously removes critical institutional knowledge and may disrupt compliance and financial reporting, potentially eroding investor confidence.
- What was the company's recent financial performance?
- In its first post-listing results for FY26, Maniveni Foods reported a 16.6% decline in revenue compared to FY25, a weak start for a newly listed company.
- Who will handle the CFO and CS functions now?
- The company has not announced replacements. Typically, the board may designate interim arrangements or accelerate the search. Investors will watch for quick appointments to restore stability.
MR Maniveni Foods Ltd.
Strength & growth
Story so far
All notes on MANIVENI →- 30 Jun 2026 · 2:39 PM IST Maniveni Foods loses CFO and company secretary in same day
- 14d ago Maniveni Foods' revenue slides 16.6% in first post-listing results
- 26d ago Institutional funds take 8% stake in tiny Maniveni Foods ahead of listing