This is with referrence to Corporate Announcement submitted by our company dated 10th April, 2025 at 11.48.03 A.M. under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) ....
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Paradeep Parivahan Ltd has resubmitted the resignation letter of its CEO, Mr. Faisal Khan, to BSE after initially failing to attach it with the original April 10, 2025 filing. Mr. Faisal Khan resigned from the post of CEO and Key Managerial Personnel (KMP) effective April 9, 2025, citing personal engagements. The Managing Director, Khalid Khan, has signed the resubmission clarifying that the omission was due to oversight. No replacement for the CEO/KMP position has been announced in this filing.
The CEO and KMP position is now vacant, which creates a compliance gap since listed companies must have a KMP at all times. Shareholders should watch for a timely appointment announcement, as prolonged vacancy could invite regulatory scrutiny from SEBI and potentially affect stock sentiment given the company's small size.