Macpower CNC Machines Limited — Others, 31-12-2024: Appointment

The Board of Macpower CNC Machines Limited has confirmed the retirement of Mr. Rajnikant Mohanlal Raja as Chief Financial Officer effective January 1, 2025, after two decades with the company due to age superannuation. Mr. Vishal Bipinkumar Mehta will succeed him in this role starting January 1, 2025. Additionally, Mr. Milan Rameshbhai Dhameliya has been appointed as Internal Auditor effective the same date. This leadership transition may enhance financial governance and strategy execution, with Mr. Mehta bringing 22 years of experience. Investors might view this positively, reflecting a proactive approach to succession planning.