Intimation of Resignations under Regulation 30 of SEBI (LODR) Regulations,2015
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Mardia Samyoung Capillary Tubes Company Ltd has informed BSE that 8 key office-bearers have resigned with effect from June 26, 2025, citing an open offer and change in management. The resignations include Managing Director Ravindra Milapchand Mardia, Whole Time Director Gaurav Ravindra Mardia, CFO Anand Kondiba Shinde, Company Secretary Poonam Anand Kanade, and four other Directors. The outgoing board appears to be the existing Mardia promoter family and their associates. The intimation has been signed by Dhaval Dharmendrabhai Joshi, who has been indicated as the new Managing Director and CFO, suggesting the acquirer has already taken control. No material reasons other than the change in management have been cited by any of the resigning members.
This is a near-complete change of guard, indicating a takeover has been completed through the open offer route. Shareholders should expect a new strategic direction under the incoming management, and may see further board reconstitution and operational changes in the coming months.