Loyal Equipments Limited has informed the Exchange regarding resignation of Mr. Rishi Roop Kapoor as CEO (KMP) of the Company effective from February 28, 2026
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Loyal Equipments Limited has informed the stock exchange that Mr. Rishi Roop Kapoor has resigned from the position of Chief Executive Officer and Key Managerial Personnel. His resignation letter was dated January 28, 2026, and he will be relieved from services effective from the close of business hours on February 28, 2026. He cited personal reasons and other professional interests for his decision to step down. The company confirmed there are no material reasons behind the resignation other than those stated in his letter. No replacement has been announced in this filing.
A CEO exit at a small-cap company can create short-term uncertainty around leadership continuity, though the resignation is for personal reasons and appears amicable. Shareholders should watch for a timely appointment of a new CEO to ensure smooth operations.