Announced Tue, 4 Aug, 2026 · 16:28 IST
MD, Whole-time Director and CFO resign; new MD and CFO appointed
Ceo ResignedCfo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDFExplain this filing
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%—
Iron & Steel Products peers, median of 101sector-0.7%—
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AI summary
Board meeting on August 3, 2026 accepted resignations of Managing Director Omprakash Dhariwal, Whole-time Director Chirag Chandan, and CFO Himanshi Jadeja, all citing personal reasons. Harshvardhan Katariya appointed as new MD and Chairman, Jimit Sanghvi as new CFO, and Rajesh Sutaria as Independent Director. Q1 FY27 results show nil revenue and a loss of Rs 1.80 lakhs. Auditors flagged going concern doubt.
Likely market impact
Leadership overhaul amid nil revenue and going concern uncertainty may worry investors, though replacements are in place.