Agarwal Industrial Corporation Limited had informed the Exchange about Change in Company Secretary/Compliance Officer and appointment of Interim Compliance Officer. The relevant regarding the resignation and appointment respectively in the prescribed format as per SEBI Circular dated SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123
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Agarwal Industrial Corporation Limited's previous Compliance Officer left the company without serving the required notice period, citing personal reasons. The company has described this exit as unexpected and not in line with professional ethics. To avoid any gaps in SEBI (LODR) compliance, Mr. Vipin Agarwal, an MBA (Finance) with experience in regulatory matters, corporate finance, banking, and imports, was appointed as Interim Compliance Officer with effect from February 21, 2025. He will hold the position until a qualified Company Secretary (ICSI member) is appointed on a permanent basis. The disclosure is signed by Whole-Time Director Lalit Agarwal.
This is largely an administrative compliance fix and should not materially affect shareholders. However, the abrupt and unnotified exit of the previous officer is a minor governance red flag, though the company has acted swiftly to cover the role.