BSEGalaxy Bearings LtdMediumNegative
Announced Thu, 4 Sept · 13:39 IST

Resignation of Company Secretary and Compliance Officer.

Kmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Galaxy Bearings Ltd has informed the BSE that Ms. Mona Sharma has resigned from her role as Company Secretary and Compliance Officer, which is a Key Managerial Personnel (KMP) position under SEBI's Listing Regulations. Her resignation is effective from the close of business hours on September 6, 2025, with the letter dated September 4, 2025. The reason cited is to pursue a career opportunity outside the company. The Board has recorded its appreciation for her services during her tenure. The resignation letter will be formally accepted at the next Board meeting, and SEBI-required disclosures have been enclosed as Annexure-1. The company is a small Ahmedabad-based bearings manufacturer (Scrip Code: 526073).

Likely market impact

The company has lost a KMP and will need to appoint a new Company Secretary and Compliance Officer to meet its listing compliance obligations. This is a routine managerial change and unlikely to materially affect stock price, though the role is a key compliance position that must be filled within SEBI-prescribed timelines.