Handwritten resignation letter of Mumbai-based BSE listed firm’s CFO went viral on social media

In an unexpected turn of events, Mitshi India, a Mumbai-based firm listed on the Bombay Stock Exchange (BSE), is experiencing a significant shake-up as its Chief Financial Officer (CFO), Rinku Patel, submitted a handwritten resignation letter. The company swiftly acknowledged Patel's departure, stating that they are actively seeking a replacement.

Patel's resignation letter, penned on a page borrowed from a child's notebook, has gained widespread attention on the internet. In the handwritten note, Patel expressed gratitude for the opportunity to work with the organization but cited personal reasons for the immediate resignation.

He wrote, “With the respect, I hereby inform you that I will be resigning from the job of CFO with immediate effect due to my personal reasons. It was a great pleasure and excellent experience working for your organisation.”

Mitshi India, formerly known as Dera Paints and Chemicals Ltd, is engaged in the production of paints and is diversified across various sectors, including paper, plastics, hardware, metal products, and wholesale fruits and vegetables. The company, boasting a market cap of ₹20.22 crore, has been listed on the BSE for an impressive 28 years.

Despite the unexpected departure of the CFO, Mitshi India's shares showed resilience, trading at ₹22.98 per share, a 2.91% increase from the previous day's closing figure of ₹22.33.

Online reactions to the unconventional resignation were mixed, with one user humorously noting, "So, the CFO of Mitshi India Ltd has submitted his resignation by writing on a notebook that his child is using... didn't even wait to get it printed."