Disclosure under Regulation 30- Change in Directorate: Resignation of Whole Time Director & CEO
ABANSENT · price
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Abans Enterprises Ltd has informed the stock exchanges that Mr. Kayomarz Marzban Sadri (DIN: 07889169), the Chief Executive Officer and Whole Time Director, has resigned from the Board due to personal reasons. He submitted his resignation letter on July 24, 2025, and the resignation will take effect after 3 months (around October 23, 2025) or earlier if the Board/Nomination, Remuneration & Compensation Committee decides so. The company has confirmed there are no other material reasons behind the exit. The Board will appoint a successor within the stipulated timeline and inform the exchanges accordingly. The disclosure has been made under SEBI Listing Regulations read with Schedule III.
The CEO exit, even if for personal reasons, may create short-term uncertainty around leadership continuity and strategic direction. Investors should watch for the announcement of a successor, as the quality and timing of the replacement could influence stock sentiment. The 3-month transition window provides continuity, which is a mildly positive signal.