IRM Energy has announced the appointment of Ashish Maheshwari as Chief Financial Officer (CFO), effective August 14, 2026. According to reports from Business Standard, the board has approved this leadership change, marking a significant transition in the company's financial leadership. Arunkumar Saluru will relinquish his CFO position at the close of business hours on August 13, 2026, and will subsequently take charge as Vice President Finance & Accounts in his new role.
Ashish Maheshwari brings extensive qualifications and experience to his new role. As reported by Business Standard, he is a qualified Chartered Accountant (ICAI), Company Secretary (ICSI), Law Graduate (LLB), and holds a Diploma in IFRS from ACCA (UK). With over 16 years of experience in corporate finance, project finance, treasury, financial planning, business strategy, and financial reporting, Maheshwari has developed expertise in fundraising, project financing, treasury management, investor and lender relations, financial modelling, budgeting, mergers and acquisitions, Ind-AS compliance, board reporting and strategic planning. He has been involved in large-scale infrastructure, power and renewable energy projects, and previously worked with the Adani Group, Kalpataru Group and Reliance ADAG Group.
According to Business Standard, IRM Energy is a gas distribution company involved in the development, operation, and expansion of a local natural gas distribution network. The company's focus on natural gas distribution positions it in the energy infrastructure sector, providing essential services to local markets.
As reported by Business Standard, the company has demonstrated strong financial performance in recent quarters. Consolidated net profit surged 139.33% to ₹33.81 crore in Q1 FY27, compared with ₹13.92 crore in Q1 FY26. Net sales climbed 24.13% YoY to ₹325.82 crore in Q1 FY27. The company's stock gained 0.51% to close at ₹296.95 on Thursday, August 13, 2026.
