Resignation of Company Secretary along with Resignation Letter
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The Board Meeting held on 26th May 2026 addressed several matters. Mr. Krupal Upadhyay tendered his resignation as Company Secretary & Compliance Officer (KMP) effective from close of business hours of 26th May 2026 to pursue better career opportunities. The Board appointed Ms. Shruhita Rane as his replacement effective 1st June 2026. The meeting also approved audited financial results showing standalone loss of Rs 109.35 lakhs (vs profit of Rs 446.51 lakhs in FY25) and consolidated loss of Rs 73.59 lakhs (vs profit of Rs 577.00 lakhs in FY25). No dividend was recommended due to the loss. Additionally, Mr. Ketan Shrimankar was re-appointed as Non-Executive Independent Director for a second 2-year term from 10th August 2026.
The resignation of the Company Secretary followed by immediate appointment of a replacement is a routine KMP transition. However, the company swung from profit to loss in FY26, which is a concern for investors. The net loss combined with no dividend may negatively impact investor sentiment in the short term.