Disclosure under Regulation 30- Resignation of CEO
ABANSENT · price
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Abans Enterprises Ltd has informed the stock exchanges that Mr. Kayomarz Marzban Sadri (DIN: 07889169) has resigned as the Chief Executive Officer and Whole Time Director of the company. The resignation was tendered on July 24, 2025, citing personal reasons, with no other material reasons disclosed. The resignation will take effect after three months, i.e., from October 23, 2025, or an earlier date if decided by the Board or Nomination, Remuneration & Compensation Committee (NRCC). The Board/NRCC will appoint a successor within the stipulated regulatory timeline and inform the exchanges accordingly. The outgoing CEO has committed to ensuring a smooth and seamless transition.
This is a senior management exit driven by personal reasons with a planned 3-month transition period, which may temporarily create leadership uncertainty but is not expected to disrupt operations immediately. Shareholders should watch for the successor announcement, as the new CEO's strategy could influence future direction and stock sentiment.