Suncity Synthetics Announces Leadership Reshuffle

Suresh Dhanraj Kawarjain resigns as CFO; Vidhi Bafna appointed as successor effective immediately.

Reader Takeaway: New CFO Vidhi Bafna brings compliance expertise, while Prajakta Joshi adds board-level strategic oversight for the firm.

What just happened

Suncity Synthetics Ltd informed the BSE on October 26, 2026, regarding major changes to its key management and board. The Board of Directors accepted the resignation of Mr. Suresh Dhanraj Kawarjain from his position as Chief Financial Officer (CFO), citing personal reasons and professional preoccupation. Simultaneously, the company appointed Mrs. Vidhi Bafna as the new CFO.

Key Appointments

Mrs. Vidhi Bafna joins the leadership team with a background as a qualified Whole-Time Company Secretary. She is a member of the Institute of Company Secretaries of India (ICSI), with a professional focus on regulatory compliance, statutory filings, and corporate governance.

Additionally, the board has inducted Ms. Prajakta Vijay Joshi as an Additional Director in a Non-Executive, Non-Independent capacity. Ms. Joshi brings 13 years of industry experience across the healthcare and financial sectors, specifically focusing on product strategy, revenue growth, and lifecycle management.

Why this matters

The appointment of a new CFO is a critical governance update for shareholders. The transition of the CFO role often impacts the company's financial reporting and regulatory interface. The addition of a new board director with experience in project innovation and revenue growth signals a potential shift in the company's strategic focus toward strengthening its operational framework.

What to track next

Investors should monitor the impact of these changes on the company's upcoming quarterly financial disclosures and how the new leadership influences the firm's compliance and operational strategy in the coming months.