Announcement under Regulation 30 (LODR)- Resignation of managing director
Awaiting price reaction for this filing.
Pressure Sensitive Systems (India) Limited informed BSE about three resignations, all effective August 30, 2025. Mr. Nileshkumar Bachubhai Parmar stepped down from both the posts of Managing Director and Chief Financial Officer. Two Non-Executive Directors — Mr. Manishkumar Purshottambhai Solanki and Miss. Sanofarbanu Riyazahmed Shaikh — also resigned. All three cited 'other professional commitments' as the reason and confirmed there are no other material reasons for their exit. The resignations were acknowledged by Malabhai Punjabhai Rabari, who continues as Managing Director. The company has yet to announce replacements.
The simultaneous exit of the Managing Director, CFO, and two board members in a single day is a significant governance event for this small-cap company, raising uncertainty about leadership continuity and interim financial oversight. Shareholders should watch for timely announcements of replacements and any change in business direction or financial reporting delays.