Archies Limited has informed the Exchange regarding Resignation of Mr. Jagdish Moolchandani as Executive Director of the company w.e.f. March 28, 2026.
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Mr. Jagdish Moolchandani (DIN: 00016718) has resigned from his dual role as Executive Director and Chief Financial Officer of Archies Limited, effective from the close of business hours on 28th March 2026. The resignation, tendered on 26th February 2026, is attributed to health reasons requiring his immediate and sustained attention, as stated in his resignation letter. He is serving a 30-day notice period. The company has confirmed there are no other material reasons for the departure beyond the health issues cited.
Investors should note the loss of a key managerial person handling both executive and finance functions, which may create temporary leadership uncertainty. The company will need to appoint a new CFO and fill the executive director role, and any delays could be viewed negatively by the market.