BLACKROSEBSEBlack Rose Industries LtdMediumNeutral
Announced Wed, 13 May · 16:23 IST

Appointment of CS & Compliance Officer

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+11.6%1-day move
₹85.99
prior close
₹102.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+0.1+0.1+11.6+18.0+19.7+17.4+14.4+18.0+9.4+10.2+22.5
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AI summary

Black Rose Industries Ltd held a Board meeting on May 13, 2026, approving several changes. The company appointed Ms. Darshana Sawant as Company Secretary and Compliance Officer. Additionally, Mr. Ambarish Daga was redesignated from Joint CFO and Investor Relationship Officer to solely Investor Relationship Officer, while being re-appointed as Whole-time Director (Executive Director) for 3 years from July 2026. Mrs. Shruti Jatia was also re-appointed as Whole-time Director for 3 years from September 2026. New auditors were appointed: M/s. Poddar & Co. as Cost Auditors and M/s. RMJ & Associates LLP as Internal Auditors for FY 2026-27. All appointments are subject to member approval via Postal Ballot.

Likely market impact

The redesignation of Mr. Daga from CFO role leaves the CFO position vacant, which could raise concerns about financial oversight. The re-appointment of existing directors provides continuity, but the company needs to address the CFO gap promptly to maintain investor confidence.