Demise of Mr. Bimal Agarwal, Promoter/Executive Director of the Company
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Associated Ceramics Ltd has informed the stock exchanges about the sudden passing of Mr. Bimal Agarwal, a Promoter and Executive Director, on 1st June 2025. He held 309,775 equity shares, representing 15.15% of the company's shareholding, and had been associated with the company since 1st July 2015. In line with SEBI LODR rules, he will be removed from the promoter/promoter group category, and the company has stated it is in the process of appointing a new director at the earliest. Abhishek Agarwal (DIN: 10054271) has signed the intimation as Director of the company.
The loss of a promoter-director holding over 15% stake could create short-term uncertainty around leadership and promoter holding classification, though the company has signalled it will move quickly to fill the board position. Shareholders should watch for the upcoming director appointment announcement.