Resignation of Mr. Sudhir Wakure (DIN: 07828586) from the position of Whole-time Director(Executive Director) of the Company with effect from April 30, 2025
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.7 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Forbes & Company Limited has informed BSE that Mr. Sudhir Wakure (DIN: 07828586) has resigned from the post of Whole-time Director (Executive Director) with effect from April 30, 2025. Notably, Mr. Wakure had only been appointed on April 5, 2025, and according to his resignation letter, he never assumed any responsibilities due to sudden and continuing health issues from the date of his appointment. He states he has substantially recovered but remains uncertain about full recovery in the coming days. He has stepped aside so the Board can appoint a suitable replacement. The Company Secretary, Pritesh Jhaveri, has signed the intimation under SEBI Listing Regulations.
Minimal impact for shareholders — the director had not yet taken on any duties, so there is no operational disruption. However, the Board will need to appoint a new Whole-time Director soon, and the very brief tenure (about 25 days) may raise minor governance questions, though the health-related reason appears genuine.