Resignation of Company Secretary
Price
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Awaiting price reaction for this filing.
Binny Mills Ltd informed the stock exchanges that Smt. K. Aarthi has resigned as Company Secretary and Compliance Officer of the company due to personal reasons, effective from the close of business on 30th April 2025. Her resignation letter was dated 11th March 2025. The Board also approved the appointment of M/s. T Balaji and Associates, Chartered Accountants, as Internal Auditors for FY 2024-25, and cleared a proposal to grant/renew a loan to TCP Limited, subject to shareholder approval at a forthcoming EGM. A scrutinizer, M/s. Elangovan Associates, was also appointed for the EGM. No replacement for the Company Secretary has been announced yet.
The departure of the Company Secretary leaves a key managerial position vacant ahead of the EGM, which may create minor compliance uncertainty in the short term. However, the resignation is for personal reasons and is a routine KMP change, so it is unlikely to materially affect the stock price or shareholder value.