We hereby inform that Mr. Vishal Thakkar has resigned from the post of CFO from the Board of the Company with effect from the closure of business hour from November 14, 2025 (Friday),

CFO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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AI summary

Mr. Vishal Thakkar has resigned from the positions of Managing Director and CFO of the company with effect from the close of business hours on November 14, 2025, citing the change in management and control of the company due to a takeover. The company has executed a Term Sheet to acquire a majority stake in RRP Electronics Limited, which will make Indian Link Chain Manufacturers Limited the majority shareholder in RRP Electronics. The Board has proposed changing the company's name from 'Indian Link Chain Manufacturers Limited' to 'RRP Electronics India Limited', and the Ministry of Corporate Affairs (MCA) has already approved the name reservation. Additionally, the registered office of the company has been changed within the state of Maharashtra. The takeover is subject to due diligence and execution of definitive agreements.

Likely market impact

This is a transformative event for the company — it is being taken over and rebranded as RRP Electronics India Limited, signaling a likely shift in business focus. Shareholders should expect significant changes in operations, management, and possibly the stock's identity, with the name change pending shareholder approval.