Intimation of Resignation pursuant to Regulation 30 of SEBI (LODR), 2015 of: 1. Mr. Chetan Gandhi as Non-Executive Independent Director of the Company. 2. Mrs. Shetna Patel as Non-Executive ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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On September 1, 2025, the company announced multiple leadership changes in a single filing. Mrs. Shetna Patel stepped down from both her role as Non-Executive Director and as Chief Financial Officer (CFO). Mr. Chetan Rajnikant Gandhi also resigned as Non-Executive Independent Director. On a separate note, the Board approved the appointment of M/s. SCS & CO. LLP, a practicing company secretarial firm based in Ahmedabad, as the new Secretarial Auditor for a 5-year term, subject to shareholder approval at the upcoming AGM. Notably, the filing is signed by the Managing Director of Aviva Industries Limited, not the named company, which may indicate a metadata mismatch or corporate restructuring. Two senior resignations (CFO plus an Independent Director) on the same day is unusual for a small-cap listed entity.
The simultaneous exit of the CFO and an Independent Director could raise governance and continuity concerns for shareholders. The loss of the CFO in particular may create short-term uncertainty in financial reporting and operations, though the appointment of a new secretarial auditor is routine compliance housekeeping.