COMPANY RECEIVED RESIGNATION LETTER DATED 19.05.2026 FROM MR ASHOK KUMAR (DIN:11252233)FROM THE POSITION OF ONLY WTD & CFO WHILE TO CONTINUE AS NON EXECUTIVE NON INDEPENDENT DIRECTOR AND ....
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Mr. Ashok Kumar (DIN: 11252233) has resigned from his positions as Whole-Time Director and Chief Financial Officer of the company due to ill health. The Board accepted his resignation at its meeting on 29 May 2026 with immediate effect. He will continue serving on the Board as a Non-Executive Non-Independent Director. The Board acknowledged his contributions to financial transparency and corporate growth during his tenure as WTD cum CFO. The company needs to file Form DIR-12 and Form MR-1 with the Registrar of Companies to formalize the changes.
The company loses both its WTD and CFO in one go, which could raise governance concerns and create a leadership vacuum in day-to-day operations and financial oversight. The stock may see minor negative reaction given the dual departure, though continuity is partially maintained as he stays on as non-executive director.