Announcement under Regulation 30 (LODR)- Resignation of Director
Awaiting price reaction for this filing.
Pressure Sensitive Systems (India) Limited has informed the stock exchange about three resignations effective August 30, 2025. Mr. Manishkumar Purshottambhai Solanki, a Non-Executive (Additional) Director, has stepped down due to other professional commitments. Miss. Sanofarbanu Riyazahmed Shaikh, a Non-Executive Director, has also resigned for the same reason. Most notably, Mr. Nileshkumar Bachubhai Parmar has resigned from both his roles as Managing Director and Chief Financial Officer (CFO). All three departures cite personal/professional commitments with no material reasons disclosed. The resignations were communicated under SEBI LODR Regulation 30 and are signed off by the remaining Managing Director, Malabhai Punjabhai Rabari.
This is a significant leadership change — the company has lost its Managing Director, CFO, and two board members on the same day, creating a key managerial vacuum that may raise governance concerns and weigh on the stock in the near term until replacements are appointed.