Intimation regarding appointment and Resignation of company secretary cum compliance officer
GOLDENTOBC · price
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Golden Tobacco Ltd has informed stock exchanges about a change in its Company Secretary cum Compliance Officer role. Ms. Sarita Pote resigned from the position effective 17th June 2025, citing personal reasons. Notably, in her resignation letter, she flagged that her salary has been pending since May 2024. Ms. Nisha Mittal has been appointed as the new Company Secretary cum Compliance Officer effective 18th June 2025, with a fixed remuneration of Rs. 45,000 per month plus taxes. The company continues to be under the Corporate Insolvency Resolution Process (CIRP), with Resolution Professional Mr. Vichitra Narayan Pathak overseeing its affairs since the NCLT Ahmedabad order dated 7th June 2022.
This is a routine KMP change at a company already under insolvency, but the outgoing secretary's mention of unpaid salary since May 2024 highlights ongoing financial stress and potential concerns for employees and creditors. Shareholders should note that management remains with the Resolution Professional, and resolution outcomes will drive any meaningful value recovery.