GHVINFRAGHV Infra Projects Ltd.

GHV Infra Projects appoints CFO and accepts independent director's resignation

Management change
Infrastructure construction

Blacklitt Research22 October 20263 min read

A roadside construction site behind green and wire mesh fencing, with orange and white traffic cones and a speed-limit sign with a solar-powered display. — Fumikas Sagisavas, via Wikimedia Commons (CC0). Illustrative image.

GHV Infra Projects (NSE: GHVINFRA) appointed Mr. Salim Yahoo as Chief Financial Officer and accepted the resignation of independent director Mr. Ravi Kumar Seth, effective 22 Oct 2026, it said in a filing on 22 Oct 2026. The board also approved unaudited results for the quarter ended 30 Sep 2026.

Key highlights

Chief Financial Officer: Mr. Salim Yahoo, effective 22 Oct 2026
Independent director resignation: Mr. Ravi Kumar Seth, effective close of business 22 Oct 2026
Committees left: Audit Committee and Nomination and Remuneration Committee
Authorised KMP list changed with effect from 22 Oct 2026

The board changes in numbers

Item	Detail
Appointment	Mr. Salim Yahoo as Chief Financial Officer (Key Managerial Personnel)
Effective date of appointment	22 Oct 2026
Recommended by	Nomination and Remuneration Committee and Audit Committee
Resigning director	Mr. Ravi Kumar Seth (DIN:02427404), Independent Director
Resignation effective	Close of business hours on 22 Oct 2026
Reason given	No other material reasons beyond those provided, per the filing
Relationship between directors	Not applicable
Meeting time	4:30 PM to 6:45 PM on 22 Oct 2026

A seasoned finance professional as CFO

The filing describes Mr. Salim Yahoo as a finance professional with over 30 years of experience in financial management, fund raising, capital structuring, treasury management, project finance and investor relations. It says he was Group CFO with KP Group of Companies, which has 3 listed entities.

The filing also lists earlier senior positions at Solar Square Energy, CRISIL Limited, HDFC Bank and Axis Bank. The appointment was approved on the recommendation of the Nomination and Remuneration Committee and Audit Committee.

Independent director resigns from two committees

Mr. Ravi Kumar Seth resigned as an Independent Director with effect from close of business hours on 22 Oct 2026. Following the resignation, he ceases to be a member of the Audit Committee and the Nomination and Remuneration Committee.

The filing names La Tim Metal & Industries Limited and Lahoti Overseas Limited as other listed entities where he holds committee memberships, and says he has confirmed there are no other material reasons for resigning.

Changes to authorised key managerial personnel

The board approved changes to the KMP authorised under Regulation 30(5), effective 22 Oct 2026. The list covers Mr. Ajay Hans as Managing Director, Mr. Reby Thomas as Whole Time Director, Mr. Salim Yahoo as Chief Financial Officer and Mr. Daksh Tulsibhai Mewada as Company Secretary and Compliance Officer.

Results approved alongside the board changes

The same meeting approved unaudited standalone and consolidated results for the quarter and half year ended 30 Sep 2026. The statutory auditors, Manubhai & Shah LLP, issued a limited review report with no modification in its conclusion. The filing's enclosures carry the figures, which are not repeated here.

What the board changes mean for GHV Infra Projects' shareholders

The CFO appointment and the independent director's resignation change the company's management and committee membership from 22 Oct 2026. The filing does not say what Mr. Salim Yahoo is paid, the length of his appointment, or whether he holds any shares in the company. It also does not say why Mr. Seth resigned beyond the statement that no other material reasons exist, who will take his committee seats, or what financial effect the changes have.

The filing does not set out any further dated step beyond the effective dates already given.

Reference: Original filing (PDF)

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