Disclosure under Regulation 30- Change in Management: Resignation of Whole Time Director & CEO
ABANSENT · price
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Abans Enterprises Ltd has informed stock exchanges that Mr. Kayomarz Marzban Sadri (DIN: 07889169) has resigned as Chief Executive Officer and Whole Time Director of the company, effective from the close of business hours on October 23, 2025 (or any earlier date decided by the Board). The resignation was tendered on July 24, 2025, citing personal reasons, and the company has stated there are no other material reasons behind the exit. The resignation letter and required SEBI disclosures were filed with BSE and MSE on July 25, 2025. The Board and Nomination, Remuneration & Compensation Committee (NRCC) will consider the resignation and appoint a successor within the stipulated timeline.
Shareholders should note the departure of a key managerial person, though the transition period of up to 3 months provides time for an orderly handover. The reason cited is personal, with no governance or financial concerns flagged, so the immediate impact on the stock may be limited, but investors may watch for the announcement of a successor.