Transcorp International Limited has announced key changes following its Board of Directors meeting on November 4, 2026. The company has appointed Mr. Mukesh Kumar Mittal as the new Chief Financial Officer (CFO), effective November 5, 2026. Concurrently, the Board decided to withdraw the proposed Scheme of Arrangement dated July 5, 2022, citing the non-receipt of necessary statutory approvals. The company also approved its un-audited financial results for the quarter and half-year ended September 30, 2026.
Board Meeting Outcomes
Transcorp International Limited held a Board of Directors meeting on November 4, 2026, to discuss and approve several significant matters. The meeting, which commenced at 02:00 P.M. and concluded at 04:15 P.M., addressed financial results, leadership appointments, and strategic decisions.
Financial Results Approved
The Board, based on the recommendation of the Audit Committee, has approved the un-audited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026. These results, along with the Statutory Auditors’ Limited Review Report, have been submitted in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The financial results are available on the BSE website and the company’s official website.
Leadership Changes
In a significant move, the Board, acting on recommendations from the Nomination and Remuneration Committee and the Audit Committee, has appointed Mr. Mukesh Kumar Mittal as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company. This appointment is effective from November 5, 2026.
The Board also accepted the resignation of Mr. Rajesh Garg from the position of CFO, effective close of business hours on November 4, 2026. Mr. Garg will continue to serve as Executive Director & KMP, focusing on other group responsibilities. The Board expressed its appreciation for Mr. Garg’s services as CFO.
Scheme of Arrangement Withdrawal
Furthermore, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board considered and decided to withdraw the proposed Scheme of Arrangement, originally dated July 5, 2022. This decision was made due to the non-receipt of requisite statutory approvals from the concerned authorities. The company will not proceed further with this proposed scheme.
Source: BSE
