Please find attached Resignation Letter received from Mr. Rajesh Tiwari, Executive Director of the Company.
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Awaiting price reaction for this filing.
Deepak Chemtex Ltd, listed on the BSE SME platform (Scrip Code: 544036), has informed the stock exchange about the resignation of Mr. Rajesh Kalikaprasad Tiwari, Executive Director (DIN: 07238431), effective from the end of office hours on April 1, 2025. The company has confirmed there are no material reasons behind his departure. Mr. Tiwari cited personal and unavoidable circumstances as the reason for stepping down. The filing is a follow-up to an earlier letter dated April 1, 2025, and was signed by Managing Director Saurabh Deepak Arora on April 3, 2025.
This is a routine key managerial personnel change with no material reasons cited, suggesting limited near-term impact on operations. Shareholders should monitor whether this creates any leadership gap or signals deeper issues, but single-director resignations citing personal reasons are generally neutral for the stock.