Please find the enclosed file for change in management
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.5 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Sachin Sharma has resigned as Managing Director and Director with effect from the close of business on December 8, 2025. On December 9, 2025, Mr. Anil Kumar Behl resigned from his position as Independent Director and was simultaneously appointed as Additional Director and Managing Director for a 3-year term, subject to shareholder approval. Mr. Behl cited the urgent vacancy in the MD position as the reason for accepting the executive role. Mr. Behl is a fellow member of the ICAI with over 30 years of experience in sustainability and environmental consultancy, and also serves on the board of Race Eco Chain Limited. The Board has also authorised key managerial personnel to determine and intimate material events to the stock exchanges.
The abrupt exit of the sitting Managing Director followed by a same-day internal reshuffle could raise governance and continuity concerns among shareholders. Investors should watch for the shareholder approval outcome and any further clarity on the reasons behind Sharma's sudden departure, as this could affect short-term stock sentiment.