Outcome for Board meeting held on 07th April, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ikoma Technologies Limited (formerly Vuenow Infratech Limited) has disclosed resignations of four key personnel. The CFO Mr. Rahul Anandrao Bhargav resigned effective April 7, 2026 citing personal reasons, confirming no material disputes with the company. More significantly, three Non-Executive Independent Directors - Mr. Arvind Tiwari, Ms. Archana Chirawawala, and Mr. Sanjeev Seth - all resigned in early March 2026 citing serious governance concerns. These directors repeatedly raised issues about governance, statutory compliance, circulation of Board minutes, and legal proceedings under Section 138 of the Negotiable Instruments Act through multiple emails from November 2025 to March 2026. They cited an absence of adequate information flow, governance transparency, and Board-level deliberation as reasons for their resignation. The company admits to inadvertently omitting these resignation letters from the original filing and received a query from BSE on April 8, 2026.
This is a significant red flag for investors. Three out of four Independent Directors have resigned citing governance failures, which raises serious concerns about the company's internal controls and compliance framework. The delayed disclosure and BSE query further indicate potential regulatory compliance issues.