Texmaco Rail loses CFO as Kishor Kumar Rajgaria quits citing personal reasons
The small-cap rail equipment maker now has to find a new finance chief with no immediate timeline for the departure.
— 5 earlier stories on Texmaco Rail & Engineering Ltd. →What's new
- CFO Kishor Kumar Rajgaria resigns citing personal reasons.
- Effective date of departure not yet fixed; timeline uncertain.
- No other material reasons disclosed; tenure ends amicably.
Why this matters
For a small-cap company like Texmaco, a sudden CFO departure creates uncertainty around financial reporting and internal controls. Even with no disclosed disputes, the leadership gap at the top finance role raises risk perception. The open question is how quickly the management finds a credible replacement.
What we're watching
- Timeline for the CFO's actual last working day.
- Announcement of interim or permanent successor.
- Any changes in financial guidance or reporting dates next quarter.
The full read
Texmaco Rail's CFO Kishor Kumar Rajgaria is leaving for personal reasons, with no effective date given. For a company with a market cap of ₹4,476 crore (small-cap territory), the sudden departure of the top financial officer is a governance flag. Even without disclosed disputes, the gap creates uncertainty around reporting and controls. The company has recently won orders worth ₹70 crore and ₹98 crore, but this leadership change could overshadow near-term sentiment. Trailing revenue fell 13.3% while profit rose 58.7%. The pace of appointing a replacement will be the key test.
Questions answered
- Why did Texmaco's CFO resign?
- Kishor Kumar Rajgaria cited personal reasons and confirmed there were no other material reasons for his departure.
- When is the CFO's last day?
- The effective date has not been finalised. The company said it will be communicated later.
- How does this affect Texmaco's financial reporting?
- A CFO change can disrupt reporting timelines and internal controls, especially for a small-cap company. The board will need to appoint a replacement quickly to maintain continuity.
- Is there any dispute with the management?
- No. The filing states there are no other material reasons, and Rajgaria expressed gratitude for the company's support.
Texmaco Rail & Engineering Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on TEXRAIL →- 14 Jul 2026 · 7:32 PM IST Texmaco Rail loses CFO as Kishor Kumar Rajgaria quits citing personal reasons
- 7d ago Texmaco picks up ₹70.7 cr Central Warehousing rake order
- 12d ago Texmaco bags ₹26.5 cr signalling order, a routine add
- 13d ago Texmaco lands ₹98 cr new wagon order, JSW contract firmed up
- 25d ago Texmaco Rail lands ₹253 cr JSW wagon order