The Anup Engineering Limited has appointed Mr. Vishal Begwani as its new Chief Financial Officer (CFO), effective November 6, 2026. He replaces Mr. Nilesh Hirapara, who has transitioned to a larger role within the Group. Begwani brings over 20 years of experience in finance and corporate management. This leadership change is part of the company’s broader succession planning initiatives.
Anup Engineering Announces Key Leadership Change
The Board of Directors of The Anup Engineering Limited has approved the appointment of Mr. Vishal Begwani as the new Chief Financial Officer (CFO) of the company. This change is effective from November 6, 2026. The appointment was made based on the recommendations of the Nomination & Remuneration Committee and the Audit Committee.
Succession Planning and Transition
This appointment follows the resignation of the previous CFO, Mr. Nilesh Hirapara, who has moved to a new and larger role within the Anup Engineering Group. The company views this transition as part of its broader organizational and succession-planning initiatives, aimed at nurturing internal talent and providing opportunities for enhanced responsibilities within the Group. Mr. Begwani is authorized in place of Mr. Hirapara for determining materiality and making disclosures to the stock exchanges.
Mr. Vishal Begwani’s Profile
Mr. Vishal Begwani is a qualified Chartered Accountant (ACA) and has also cleared CS Inter. He is an alumnus of the Indian Institute of Management Ahmedabad (IIMA), where he completed the Management Education Programme. With over 20 years of experience in finance and corporate management across the engineering and manufacturing sectors, Mr. Begwani’s expertise includes financial strategy, planning, reporting, treasury, investor relations, and corporate governance. Previously, he served as the Chief Financial Officer of EIMCO Elecon (India) Limited and held leadership positions at Larsen & Toubro Group for over 15 years.
Resignation of Nilesh Hirapara
Mr. Nilesh Hirapara tendered his resignation as Chief Financial Officer (KMP) with immediate effect on November 6, 2026, due to his elevation to a larger role within the Group. The company has provided details regarding his resignation as required by SEBI regulations, highlighting his transition as part of the Group’s talent development and succession planning strategy.
Source: BSE
