Announced Fri, 3 Apr · 19:04 IST

Intimation of Resignation of Company Secretary & Compliance Officer.

Kmp ResignedManagement Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹16.00
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.4-4.9-7.5-1.3-3.5-10.1-3.5-3.1+11.3+9.4
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AI summary

Mr. Abhishek Khursija has resigned as Company Secretary and Compliance Officer of the company effective April 3, 2026. The reason cited is to pursue opportunities outside the organisation. Khursija confirmed there are no other material reasons for his departure and all dues have been settled. Simultaneously, Ms. Margi Nileshkumar Shah has been appointed as the new Company Secretary and Compliance Officer (Key Managerial Personnel) on a full-time employment basis, effective the same date. The board meeting to consider these changes was held on April 3, 2026 and concluded at 7:00 PM.

Likely market impact

The simultaneous resignation and appointment minimises disruption to compliance functions. However, a mid-year KMP change may raise minor concerns about retention and stability, though the departure appears voluntary with no material issues flagged.