Faridabad: Netweb Technologies, a domestic server manufacturer, announced the resignation of its Chief Financial Officer (CFO) Prawal Jain. The company has named Ankit Kumar Singhal, currently the Financial Controller, as the interim CFO.
According to a regulatory filing, Netweb Technologies’ board of directors approved Singhal’s temporary appointment as CFO and Key Managerial Personnel (KMP), effective immediately. Singhal will assume this role until a permanent CFO is appointed. The decision marks a swift internal transition as the company navigates the departure of Jain.
Ankit Kumar Singhal has been with Netweb Technologies as Financial Controller, managing the company’s financial operations. His new responsibilities include overseeing strategic financial planning and compliance during this interim period.
Netweb Technologies has not provided details on the reasons behind Jain’s resignation or the timeline for appointing a new CFO. The move comes as the company looks to maintain financial stability and continuity amid the leadership change. The industry will closely watch how this interim appointment impacts Netweb’s financial strategy moving forward.
