Resignation of Company Secretary/ Compliance Officer

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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₹76.00

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-1.3% vs market

Non Banking Financial Company (NBFC) peers, median of 205sector+0.1%-1.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 205Pending

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AI summary

Morgan Ventures Ltd has informed BSE that Mr. Prayas Dubey (FCS: F12541) resigned from the post of Company Secretary and Compliance Officer, effective close of business hours on 31.12.2025, citing personal reasons related to career improvement and growth. His resignation letter (Annexure-B) also reveals he was simultaneously serving as the company's CFO and has resigned from that role as well, to pursue an alternate career opportunity outside the organization. The company accepted his resignation on 31.12.2025 and filed the intimation with the stock exchange within 24 hours. The filing is signed by Sriniwas Chandan, who is described as CFO, Company Secretary & Compliance Officer, indicating he has taken over these responsibilities.

Likely market impact

The exit of a single individual from all three key finance and compliance roles (CFO, CS, Compliance Officer) creates a governance vacuum and concentration risk; shareholders should watch for a formal appointment of a new full-time CFO and Company Secretary, as this is a very small company and the absence of these KMPs could affect timely disclosures and financial reporting.