Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 (Listing Regulations) we wish to inform you that Mr. Manoj Kumar Bansal (DIN: 00272806) vide letter dated July 23 ,2025, has ....
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On the reaction day the stock moved 5.2 pts more than Nifty Microcap 250 and 4.9 pts more than its Retailing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Manoj Kumar Bansal (DIN: 00272806) has resigned as Managing Director of Kotia Enterprises Ltd, effective close of business on July 23, 2025. He cited personal reasons and professional commitments as the cause, and confirmed there are no other material reasons behind his exit. The Board placed on record its appreciation for his contribution. The company has not announced a replacement in this filing. The intimation was signed by Vikas Bansal, Director (DIN: 07094135), who continues on the Board.
The sudden exit of the Managing Director without an immediate successor announced creates leadership uncertainty for shareholders. With no replacement named, investors may watch closely for a follow-up appointment filing, and the stock could see short-term negative sentiment due to governance gaps at the top.