In continuation of Acknowledgement Number 9926813 dated 31/05/2025, Mail received from BSE dated 02/06/2025 on Additional Details required for Corporate Announcement filled under regulation ....
Awaiting price reaction for this filing.
Vardhman Concrete Ltd has informed the stock exchange that Ms. Krati Patel has resigned from the post of Company Secretary and Compliance Officer. She was relieved from her responsibilities with effect from Sunday, 25th May 2025. The Company Secretary is a Key Managerial Personnel (KMP) under the Companies Act, and the company has accepted her resignation. The company has stated that a new compliance officer will be appointed soon and stakeholders will be informed. The filing also acknowledges a delay in intimation to the exchange, attributing it to a temporary gap in KMP responsibilities after her exit.
The resignation of the Company Secretary, a KMP, raises mild governance concerns, though the company has committed to appointing a replacement soon. The delay in intimating the exchange is a compliance lapse that retail investors should note, as it reflects on the company's disclosure standards.