We hereby inform you that Mr.Lakshmanan Ramanathan who had been appointed as Whole Time Director of the Company has resigned from his position on personal grounds on May 23, 2025. We ....
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.7 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Euro Leder Fashion Ltd has informed BSE that Mr. Lakshmanan Ramanathan has resigned from his position as Whole Time Director of the company with effect from May 23, 2025, citing personal/domestic reasons. He was originally appointed as Whole Time Director on May 25, 2023, and will be formally relieved from the close of business hours on May 28, 2025. The company has confirmed there are no other material reasons behind his departure. The resignation letter and required SEBI Regulation 30 disclosures have been enclosed with the filing.
The exit of a Whole Time Director, who is a Key Managerial Person, may raise short-term governance questions for retail investors, though the reason cited is personal. Investors should watch for any announcement regarding a replacement appointment, as continuity of management is important for a small-cap garment exporter.