Resignation of Dr. Malik Vivekananda Swamy, CEO and CFO of the Company
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Kisaan Parivar Industries Ltd (formerly Richirich Inventures Limited) has informed BSE that Dr. Malik Vivekananda Swamy has resigned from the posts of Chief Executive Officer and Chief Financial Officer with effect from 12 October 2025. He was holding both the CEO and CFO roles simultaneously, which is itself unusual for a listed company. The resignation is cited as being due to personal reasons, with no other material reason disclosed. The company has filed the required disclosures under SEBI Listing Regulations along with the resignation letter. The position of Company Secretary (Khushboo Joshi) remains unchanged.
Losing both CEO and CFO at the same time is a significant governance event, especially for a small-cap company. Investors should watch for timely appointment of replacements, as prolonged vacancies at the top can affect operations, financial reporting, and investor confidence.