Omax Autos Limited has informed the Exchange regarding Resignation of Ms. Sakshi Kaura as Managing Director of the company w.e.f. July 07, 2025.
OMAXAUTO · price
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Ms. Sakshi Kaura has stepped down as Managing Director of Omax Autos Limited with effect from July 7, 2025. She cited professional reasons and a desire to focus on other engagements. Importantly, she will continue to serve on the Board as a Non-Executive, Non-Independent Director, so she is not leaving the company entirely. The company confirmed that the Board and its committees remain compliant with all regulatory requirements under the Companies Act and SEBI LODR. Another Managing Director, Mr. Devashish Mehta, continues in his role, meaning executive leadership of the company remains in place.
This is a mild, largely neutral event for shareholders. The transition is orderly — the outgoing MD stays on the Board in a non-executive capacity, and the other MD remains. Investors should watch for any follow-up announcements regarding restructuring of executive responsibilities.