Intimation of Resignation of CFO-cum-Managing Director
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Gautam Exim Ltd has informed BSE about the resignation of Mr. Balasubramanian Raman (DIN: 00410443) from the combined post of CFO and Managing Director of the company. The resignation is due to the conditions of a Share Purchase Agreement (SPA) signed between the existing promoters/director and proposed incoming promoters under an Open Offer, suggesting a change in ownership control. He will be relieved from his role with effect from the close of business hours on June 27, 2025. The disclosure has been made under Regulation 30 of SEBI LODR Regulations, 2015, with full details attached in Annexure A.
This resignation signals a significant change in control of the company via the Open Offer process, which may lead to a new management team and potential shifts in business strategy. Shareholders should watch for further disclosures about the incoming promoters and any consequent board restructuring.