Bharat Gears Limited has informed the Exchange regarding Cessation of Mr Hitendra Mishra as Chief Executive Officer of the company w.e.f. April 30, 2025.:Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( LODR Regulations ) read with Para A of Part A of Schedule III thereto, this is to inform that Mr. Hitendra Mishra has tendered his resignation from the position of Chief Executive Officer (CEO) and Key Managerial Personnel of the Company due to personal reason, with effect from closure of business hours on April 30, 2025 after rendering sincere and dedicated services to the organization.The requisite details in accordance with Regulation 30 of the LODR Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed.In terms of provisions of Clause 7C of Para A of Part A of Schedule III of the LODR Regulations, a copy of resignation letter received from Mr. Hitendra Mishra is enclosed.You are requested to kindly take the same on records.
BHARATGEAR · price
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Mr. Hitendra Mishra has resigned from his position as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of Bharat Gears Limited, effective from the close of business hours on April 30, 2025. The resignation, citing personal reasons, was tendered via a letter dated February 4, 2025, and the company has formally informed the stock exchanges under SEBI Listing Regulations. The outgoing CEO expressed gratitude to the Chairman and Managing Director and offered future assistance to the organisation. No replacement or interim arrangement has been announced in this filing.
The departure of the CEO for personal reasons may create short-term leadership uncertainty at Bharat Gears, though the resignation was submitted well in advance (February 2025) and the exit appears amicable. Shareholders should watch for an announcement on the appointment of a new CEO, as the absence of one could weigh on sentiment.