DUE TO RESIGNATION OF MR ASHOK KUMAR (DIN: 11252233) FROM THE POSITION OF ONLY WTD & CFO DUE TO ILL HEALTH, COMPANY APPOINTED MRS VARSHA JAIN (DIN: 11704482)[PAN: AZAPJ9110H] AS EXECUTIVE ....
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Mr. Ashok Kumar resigned as Whole-Time Director and Chief Financial Officer (CFO) due to ill health with immediate effect from the Board meeting dated 29.05.2026. He will continue as a Non-Executive Non-Independent Director. The Board immediately appointed Mrs. Varsha Jain as Executive Non-Independent Director, further designated as Whole-Time Director and CFO, also effective 29.05.2026, with her appointment subject to shareholder approval at the ensuing AGM. The company also approved audited annual accounts for FY ended 31.03.2026 and quarterly/year-end financial results. New statutory auditors M/s SMGA&CO. were appointed for 5 years. Additionally, the Board resolved to proceed with de-listing of equity shares from Calcutta Stock Exchange Ltd.
The simultaneous resignation of both the WTD and CFO roles and immediate appointment of a replacement indicates management transition amid health concerns. Shareholders will vote on the appointment at the AGM. The de-listing from CSE may reduce stock liquidity.