In a move designed to bolster financial leadership during a transitional phase, Garware Hi-Tech Films Limited has appointed Prashant L. Pai as Interim Chief Financial Officer, effective August 6, 2026. The board approved Pai’s appointment on the recommendation of the Nomination and Remuneration Committee, with him set to guide the company’s finance function until a full-time CFO is appointed.
Pai, who holds a master’s degree, brings three decades of experience in accounting and finance and has spent his career with GHFL and the group of companies. He has been responsible for finalizing accounts, statutory compliance, audit coordination, cash flow management, budgeting, and ensuring adherence to applicable laws and regulations. A seasoned finance professional, Pai is noted for his expertise with both legacy accounting systems and SAP ERP implementation and management.
The interim appointment signals continuity and an internal leadership trajectory as the company advances its strategic priorities. Pai will oversee the finance function in the interim period while the board conducts a search for a permanent CFO, underscoring a prudent approach to governance during a transition.