The Anup Engineering CFO resigns; Vishal Begwani appointed
- Management change
- Engineering
Reviewed byKeshav SehgalBlacklitt Research
The Anup Engineering (NSE: ANUP) said in a filing on 06 Nov 2026 that its chief financial officer, Nilesh Hirapara, resigned with immediate effect, and that its board has appointed Vishal Begwani as chief financial officer from the same date. Hirapara resigned to take a new and larger role within the Group, the company says.
Resignation and appointment of the CFO
The board, meeting on 6 Nov 2026, noted the resignation of Nilesh Hirapara as chief financial officer, a key managerial personnel post, with effect from 6 Nov 2026. The company says he resigned in view of his transition to a new and larger role within the Group. His resignation letter says he is being elevated to a larger role within a Group company.
The board approved the appointment of Vishal Begwani as chief financial officer under Section 203 of the Companies Act, 2013, with effect from the same date. The Nomination and Remuneration Committee and the Audit Committee recommended the appointment. Begwani is a qualified Chartered Accountant who has also cleared CS Inter and completed the Management Education Programme at the Indian Institute of Management Ahmedabad.
Earlier he spent over 15 years with the Larsen & Toubro Group in finance and commercial roles. Under Regulation 30(5) of the Listing Regulations, Begwani is also authorised, in place of Hirapara, to decide the materiality of events and make disclosures to stock exchanges.
What the CFO change means for The Anup Engineering's shareholders
The change replaces the chief financial officer with effect from the same day and gives the company a new officer for the disclosure role. The company says the move is part of the Group's succession planning. The filing does not say whether a further replacement is needed, what Begwani's remuneration is, which Group company Hirapara is moving to, or whether the change has any financial or operational effect on the company.
No further dated step is set out in the filing.
At a glance
| Item | Detail |
|---|---|
| Resigned | Nilesh Hirapara, Chief Financial Officer, effective 6 Nov 2026 |
| Appointed | Vishal Begwani, Chief Financial Officer, effective 6 Nov 2026 |
| Approved on | Recommendation of the Nomination and Remuneration Committee and the Audit Committee |
| Authority | Section 203 of the Companies Act, 2013 |
Filed with NSE on . Reference: Original filing (PDF)
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