Announced Sat, 23 May · 15:57 IST

Resignation of Company Secretary

Kmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+5.0%1-day move
₹40.15
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+5.0+7.1+11.8+6.3+1.4+9.6+7.1+4.3-2.9
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AI summary

Ms. Shruti Poddar has tendered her resignation as Company Secretary and Compliance Officer of Nilachal Refractories Ltd with immediate effect from 22nd May 2026. The reason cited is unavoidable personal circumstances. The company has informed BSE and CSE (scrip codes 502294 and 19120 respectively) pursuant to Regulation 30 of SEBI Listing Regulations. The resignation was submitted on the same date. Notably, the resignation letter indicates that the company had previously informed the stock exchanges about her appointment, suggesting she may not have effectively joined or served in the role.

Likely market impact

The departure of the Company Secretary creates a compliance vacuum as the role handles both secretarial and regulatory compliance functions. The company will need to appoint a replacement to fulfil its statutory obligations under SEBI regulations.