Akshar Spintex Limited has informed the Exchange regarding Resignation of as Company Secretary & Compliance Officer of the company w.e.f. Jun 30, 2025.
AKSHAR · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.9 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
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.