Announced Thu, 18 Jun · 13:23 IST
Resignation of Company Secretary and Compliance Officer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹1.36
prior close
₹1.44
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-2.8+5.1-0.7+1.5-0.7-5.1-4.4-7.4-10.3——
Up moveDown movePending
AI summary
Karnawati Innovation Ltd has informed the stock exchanges that its Company Secretary and Compliance Officer has tendered their resignation. The Company Secretary is classified as Key Managerial Personnel (KMP) under the Companies Act, making this a required regulatory disclosure. The company must appoint a new Company Secretary within six months to stay compliant with SEBI listing rules and MCA norms. No reason for the resignation was disclosed in the filing.
Likely market impact
A key compliance role is now vacant. The company has six months to appoint a replacement. Mild governance concern, watch for timely hiring.