This is a fresh Corporate Announcement in continuation to the earlier disclosure filed on 15 November 2025 regarding changes in Senior Managerial Personnel (SMP). Pursuant to Regulation ....
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Awaiting price reaction for this filing.
iCodex Publishing Solutions has disclosed changes to its Senior Managerial Personnel (SMP) under SEBI Regulation 30. Ms. Amrita Khaire, who served as Principal Scientist and SMP, resigned for personal/family reasons — she sent her resignation email on 6 June 2025 with an effective resignation date of 6 August 2025. Separately, Mr. Chinnaraju K was stepped down from the SMP role as part of internal restructuring, but he will continue with the company in a non-SMP project role rather than fully exiting. The company also addressed a roughly five-month delay between Ms. Khaire's resignation and the formal stock-exchange disclosure, attributing it to the BSE SME listing process (listing date: 18 August 2025) and the workload around statutory due diligence during that period. The board voluntarily submitted a good-faith compliance statement stating there is no adverse impact on operations, finances, or governance.
For shareholders, two senior personnel have either left or been repositioned, but the company emphasizes continuity and no business disruption. The disclosed delay in reporting Ms. Khaire's resignation could raise minor governance/transparency concerns, though the company self-disclosed and classified the delay as unintentional. Watch for any further clarification on the SMP restructuring and whether key project delivery remains unaffected.