Mr. Vishal Thakkar has resigned from the post of Managing Director and CFO from the Board of the Company with effect from the closure of business hour from November 14, 2025 (Friday)
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Mr. Vishal Thakkar has resigned from the positions of Managing Director and CFO of Indian Link Chain Manufacturers Ltd effective from the close of business hours on November 14, 2025. His resignation is due to a change in management and control of the company following a takeover. Additionally, the company has executed a Term Sheet to acquire a majority stake in RRP Electronics Limited, and the Board has proposed changing the company's name from Indian Link Chain Manufacturers Limited to RRP Electronics India Limited. The company has also changed its registered office within Maharashtra. These moves point to a major strategic shift, with the listed entity being repositioned around the RRP Electronics business.
For shareholders, this signals a complete change in management and business direction, as the company is transitioning into RRP Electronics India. Existing shareholders should expect a major change in business operations and may want to track further updates on the acquisition and post-takeover performance.