Mumbai, July 1 -- More than 125 chief financial officers (CFOs) have exited listed companies in the first three months of FY26 - a sharp 25% jump from a year earlier - as per disclosures made to the BSE. Some of them walked out overnight, citing a cryptic phrase, 'personal reasons'.

The sudden resignation last Monday of Mastek Ltd's CFO Raghavendra Jha, barely a month into the job, is the latest in a string of such departures. In a one-line email addressed to the company's chief executive, Jha said he was putting in his papers due to personal reasons, without providing any other detail.

Such exits have cast doubts about corporate governance and regulatory compliance. When a listed company's key managerial personnel, including CFOs, resi...