Announced Sat, 21 Mar · 19:27 IST

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Kmp ResignedManagement Changes View source PDF

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AI summary

Ms. Ankita Jayesh Malde, the Company Secretary and Compliance Officer of Gconnect Logitech and Supply Chain Ltd, has resigned effective March 21, 2026. The reason cited is non-receipt of remuneration for the past three months and no revision in salary despite repeated requests, which she said made her role untenable. The Managing Director, Jigar Vinodbhai Sheth, has accepted the resignation. The company is listed on the BSE SME platform with scrip code 544156. The resignation letter has been submitted to the board, and pending dues are to be settled as per applicable laws.

Likely market impact

This is a negative governance signal — a key managerial personnel leaving due to unpaid salary suggests potential cash-flow or financial health concerns at the company. Investors should watch for further disclosures on whether a replacement is appointed promptly, as a listed company is required to have a Company Secretary at all times. The BSE SME listing adds scrutiny risk for retail investors.