Announced Mon, 1 Jun · 16:20 IST

Attached herewith Resignation of Company Secretary and Compliance Officer w.e.f 01st June, 2026

Kmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-7.5%1-day move
₹0.67
prior close
₹0.64
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+1.6+0.0+0.0+0.0-7.5-4.5-6.0-6.0-7.5-9.0-7.5-9.0
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AI summary

Mangalam Industrial Finance Ltd has informed the BSE that Mr. Samoil Akilbhai Lokhandwala, the Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP), has resigned from the company. His resignation is effective from the close of business hours on 01st June 2026. In his resignation letter, he cited future career advancement and better professional opportunities as the reason, with no other material reasons disclosed. Going forward, the Managing Director and Chief Financial Officer will jointly or individually handle the responsibilities of determining material events and making stock exchange disclosures under SEBI Listing Regulations.

Likely market impact

This is a routine KMP-level change with no negative implications disclosed. Shareholders should note a brief transition period where compliance and disclosure duties shift to the MD and CFO until a new Company Secretary is appointed, which is a common arrangement for small-cap companies.