Stock-Exchange and Stakeholder are requested to take on record, that on 06th November,2025 the Company has made intimation with respect to the Change in management having ack no 11305040. Further ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Indian Link Chain Manufacturers Ltd informed BSE that two Independent Directors — Mr. Ashok Jain (DIN: 08470448) and Mr. Jaynish Kothari (DIN: 00281312) — have resigned effective close of business hours on 7th November 2025. Both cited the change in management and control of the company due to a recent takeover as the reason for stepping down. Their resignation also means they will cease to be members of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Neither director holds directorships in any other listed entity.
The dual resignation of Independent Directors signals a complete management overhaul following a takeover, which could bring new strategic direction but also raises governance continuity questions in the short term until new independent directors are appointed. Shareholders should watch for forthcoming announcements about new board composition and the identity of the acquirer.