Resignation of Managing Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Ravi Kotia (DIN: 01761963) resigned from the post of Chairman and Managing Director of Shree Krishna Infrastructure Ltd with effect from July 23, 2025. Notably, his resignation letter states it is 'pursuant to the Open Offer and as per the conditions mentioned therein,' suggesting the exit is linked to a change in control or acquisition. On the same day, Mr. Prashant Natwarlal Lakhani (DIN: 00559519) was appointed as Additional Executive Director, subject to shareholder approval, bringing over 30 years of logistics industry experience. The board also reconstituted its Audit Committee and Stakeholders Relationship Committee. The board meeting lasted only 20 minutes (4:00 PM to 4:20 PM).
The MD's resignation is explicitly tied to an Open Offer, signalling a likely change in ownership or control of the company. Shareholders should expect further announcements regarding the Open Offer and any resulting shifts in business strategy or promoter composition.