Maharashtra Scooters Limited has informed the Exchange regarding Resignation of Mr Sriram Subbramaniam as the Compliance Officer of the company w.e.f. April 23, 2025.
MAHSCOOTER · price
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Maharashtra Scooters Limited has informed the stock exchange that Mr Sriram Subbramaniam has resigned from the position of Compliance Officer of the company with effect from April 23, 2025. The Compliance Officer is a Key Managerial Personnel (KMP) under SEBI's listing rules and is responsible for ensuring the company complies with regulatory and stock exchange requirements. No reason for the resignation or details about a successor have been disclosed in this filing. Maharashtra Scooters is a part of the Bajaj Group and is a closely-held investment company.
This is a routine KMP-level change and is unlikely to materially affect the stock price or shareholder value. Investors should watch for a follow-up announcement regarding the appointment of a new Compliance Officer to ensure continued regulatory compliance.