Intimation of Resignation of Director and Clarification on Misleading Allegations
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Accedere Ltd has informed BSE that Ms. Priya Chaudhary has resigned from the position of Executive Director with effect from 24 September 2025. The company claims her resignation was driven by personal interests, as she was unhappy with the appointment of her son, Mr. Kunal Chaudhary, to the Board and had attempted to block board meetings related to his appointment. Ms. Chaudhary had previously resigned as Chief Financial Officer on 11 August 2025, just hours before a board meeting where her replacement as CFO was to be discussed. The company has denied all allegations made by her as baseless and misleading, stating the appointment followed due process and legal requirements. However, Ms. Chaudhary's enclosed resignation letter details serious allegations including forged signatures on company documents, denial of record inspection, irregularities in board meeting procedures, multiple SEBI and Companies Act filing non-compliances, and a police complaint filed in July 2025 against the Managing Director Mr. Ashwin Chaudhary, Mr. Kunal Chaudhary, and the Company Secretary.
This is a significant governance red flag for shareholders. The exit of a long-standing director and former CFO, combined with her detailed allegations of forgery, statutory non-compliances, and an ongoing police investigation, raises serious concerns about management integrity and corporate governance at Accedere Ltd. Investors should monitor for any further regulatory action, SEBI queries, or forensic audit triggers arising from these disclosures.