Can Fin Homes Gets New CFO As Apurav Agarwal Demits Charge

Can Fin Homes Ltd. has a new chief financial officer as the incumbent CFO, Apurav Agarwal, has demitted charge. Prashanth Joishy has been given the interim charge by the company, with effect from Thursday, according to an exchange filing on Wednesday.

The tenure of Agarwal concluded at the end of market hours on Wednesday, the filing said. He also ceases to be a key managerial personnel of the company.

Agarwal had submitted his resignation in December, citing personal reasons to step down.

Joishy, who was confirmed as the next CFO by the company on March 15, will be taking over the charge on an interim basis. He "shall hold the office till a regular CFO is onboarded", the company said.

His predecessor, Agarwal, was appointed as the CFO for a three-year period in January 2023. However, he has exited from the role nearly nine months before the conclusion of his tenure.

Joishy, the new CFO, is an industry veteran with over three decades of experience. He has been working with Can Fin Homes for the past 35 years.

Earlier, he was heading of finance and accounts department and also served as the CFO from June 2019 to January 2023.

"Currently, he is the head of Project Implementation Team, overseeing the IBS 2 version, the Core Banking Solution being used now," the company said in a filing.

Shares of Can Fin Homes on Wednesday closed 2.56% higher at Rs 660.05 apiece on the NSE, compared to a 0.32% rise in the benchmark Nifty. The stock has fallen 6.9% in the last 12 months.