Announced Fri, 29 May · 22:33 IST

COMPANY RECEIVED RESIGNATION LETTER DATED 19.05.2026 FROM MR ASHOK KUMAR (DIN: 11252233)[PAN: AAKPG3461D] DUE TO ILL HEALTH FROM THE POSITION OF ONLY WTD & CFO WHILE TO CONTINUE AS NON ....

Cfo ResignedKmp ResignedDirector Flagged GovernanceManagement Changes View source PDF

Price

Loading chart…

▲ 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
+7.1%1-day move
₹14.94
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+7.1+6.5+5.2+5.0-0.2-0.7-6.3-15.1
Up moveDown movePending
AI summary

Mr. Ashok Kumar (DIN: 11252233) has resigned from his executive positions as Whole-Time Director and Chief Financial Officer effective 29 May 2026. The resignation was tendered on 19 May 2026 citing health concerns. The Board accepted his resignation at its meeting on 29 May 2026. While stepping down from operational and financial responsibilities, Mr. Kumar will continue serving on the Board as a Non-Executive Non-Independent Director. Amit Gupta (DIN: 00074483) signed the acknowledgement as Director. The Board recorded its appreciation for his leadership and financial contributions during his tenure.

Likely market impact

The departure of both WTD and CFO roles simultaneously creates a leadership gap. Shareholders should monitor for appointment of replacements and assess any operational risks during the transition period.