BSENivaka Fashions LtdMediumNegative
Announced Fri, 25 Jul · 19:23 IST

Intimation of resignation of Company secretary and Compliance officer

Kmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ms. Monika Jain has resigned from the post of Company Secretary and Compliance Officer of Nivaka Fashions Ltd with effect from July 25, 2025, citing personal reasons. As a result of her resignation, she also ceases to be a Key Managerial Personnel (KMP) of the company. The intimation has been filed with both BSE and Metropolitan Stock Exchange under Regulation 30 of SEBI Listing Regulations. The company has not yet announced a replacement for the position. Managing Director Bhavin Jain has signed and submitted the disclosure.

Likely market impact

The company has lost a key managerial person responsible for compliance and corporate governance, which may create a temporary regulatory gap until a replacement is appointed. This is a routine KMP-level exit and unlikely to have a material impact on stock price, but shareholders should watch for timely appointment of a new Company Secretary as required under the Companies Act.