AKSHARNSEAkshar Spintex LimitedHighNegative
Announced Thu, 19 Jun · 15:16 IST

Akshar Spintex Limited has informed the Exchange regarding Resignation of as Company Secretary & Compliance Officer of the company w.e.f. Jun 30, 2025.

Kmp ResignedManagement Changes View source PDF

AKSHAR · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Dheeraj Kumar Sahu has resigned from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of Akshar Spintex Limited, effective June 30, 2025. The reason cited is personal — specifically, he has secured a better opportunity elsewhere. The resignation was formally submitted to the Board on June 19, 2025, and he has agreed to serve a notice period to ensure a smooth handover. The Chairman & Wholetime Director, Mr. Harikrushna Shamjibhai Chauhan, has signed the disclosure submitted to both BSE and NSE. The company has not yet disclosed who will replace him.

Likely market impact

This is a routine KMP-level change and is unlikely to materially affect the stock price or operations in the short term. However, shareholders should watch for a timely appointment of a new Company Secretary, as the role is mandatory under the Companies Act and SEBI LODR norms; any prolonged vacancy could raise minor governance concerns.