We hereby inform Mr. Vishal Thakkar has resigned from the post of Managing Director Board of the Company with effect from the closure of business hour from November 14, 2025 (Friday)
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Indian Link Chain Manufacturers Ltd has informed the BSE that Mr. Vishal Thakkar (DIN: 09798551) has resigned from the post of Managing Director and CFO with effect from the close of business hours on November 14, 2025, citing a change in management and control of the company following a takeover. The company has executed a Term Sheet to acquire a majority stake in RRP Electronics Limited, subject to due diligence and definitive agreements. Following this acquisition, the Board has proposed changing the company's name from Indian Link Chain Manufacturers Limited to RRP Electronics India Limited, for which name reservation approval from the MCA has already been obtained. The company has also shifted its registered office within Maharashtra. The board meeting ran from 5:30 PM to 6:15 PM on November 13, 2025.
This is a transformative announcement for shareholders — the company is effectively pivoting from a chain manufacturing business to an electronics company via the takeover of RRP Electronics, a name change is on the way, and the existing Managing Director/CFO has stepped down. Investors should watch for the definitive share acquisition agreement and shareholder approval for the name change, as these will reshape the company's identity, business, and likely its stock narrative on the exchange.