Intimation of Appointment of Company Secretary and Compliance Officer under regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), 2015.
Awaiting price reaction for this filing.
Sagar Diamonds Ltd has appointed Ms. Nikita Jindal as the Company Secretary and Compliance Officer of the company with effect from 01st January 2026. The appointment was approved at the Board meeting held on 01.01.2026 and is made under Section 203 of the Companies Act, 2013 and SEBI LODR Regulation 6(1). Ms. Jindal is an Associate Member of the Institute of Company Secretaries of India (Membership No. A79244). The Managing Director, Mr. Vaibhav Dipak Shah, has been authorised to file the necessary intimations with the Registrar of Companies. Worth noting: the same MD also holds the CFO designation, which is a governance concentration point.
This is a routine compliance-related appointment required under company law and SEBI rules, so it should have no material impact on the stock price. Shareholders should note, however, that the Managing Director doubling as Chairman and CFO represents a concentration of authority at the top.