Listed Company’s CFOs hand written Resignation Letter viral on Social Media

In a strange turn of events, the resignation letter of Rinku Patel, former CFO of BSE-listed business Mitshi India, has become a social media sensation due to its peculiar handwritten style. The surprise doesn’t stop there. Mitshi India’s share price unexpectedly increased on the same day as Patel’s departure.

On the BSE on December 22, the company’s shares finished at Rs 23.30 per share, a significant 4.34 percent increase over the previous day’s closing price of Rs 22.33.

This surprising rise has piqued the interest of market participants, raising debate regarding the relationship between the unusual resignation letter and the favourable impact on the company’s share value.

CFO’s Handwritten Resignation creates a stir on Social Media

The letter of resignation Rinku Patel, a former CFO of a BSE-listed company, is making the rounds on social media for his unusual appearance. Social media users were astonished and pleasantly surprised to see Mitshi India’s chief financial officer Rinku Patel submit a handwritten resignation letter in the age of the internet and emails.

Even more startling was the fact that rather than the standard A4 page used for official correspondence, the former chief financial officer’s resignation was written on ruled paper, similar to that found in children’s school notebooks.

In a letter dated November 15, Patel stated that he would retire as CFO with immediate effect for “personal reasons.” On December 21, a copy of the letter was uploaded on the Bombay Stock Exchange website, from where it spread to social media.

Sethuraman NR, a Reuters correspondent, tweeted a photo of the handwritten resignation letter on Twitter, where it quickly went viral, garnering over 1 lakh views and dozens of comments. “This CFO appears to have taken a page from his child’s rough notebook and written a resignation letter in it, which he then uploaded to BSE. Indian listed companies,” he captioned the photo.