Board reshuffle: 3 independent directors quit citing governance issues; new CFO appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ikoma Technologies' board approved major changes on April 7, 2026. Three independent directors (Tiwari, Chirawawala, Seth) resigned citing 'continuous non-compliance, lack of transparency, and failure of management to respond.' CFO Rahul Bhargav also stepped down as CFO (retains MD role), replaced by Sanyog Kumar Rathi. Five new directors and a new Company Secretary were appointed. Board approved a takeover of ICM Insurance Brokers. BSE fines for non-compliance noted; company will seek waiver. Q3 FY26 loss narrowed to Rs 12.41 lakh from Rs 66.14 lakh YoY. GST registration is Inactive.
Serious governance red flags from exiting independent directors citing non-compliance and lack of transparency may concern investors; leadership churn, BSE fines, and inactive GST add risk.