PDS Limited has informed the Exchange about change in Management
PDSL · price
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Awaiting price reaction for this filing.
PDS Limited informed the exchanges that Mr. Ajay Thakkar has ceased as Group General Counsel and Senior Management Personnel, effective March 31, 2025. The company states his role was made redundant based on mutual agreement. His responsibilities have been handed over to Mr. Abhishekh Kanoi, who already serves as Head of Legal & Group Company Secretary. The company also disclosed a delay in reporting this change to the stock exchanges — the cessation happened on March 31 but the original disclosure was only made on May 14, 2025. The company attributed the delay to initially treating the change as routine internal restructuring rather than a regulatory disclosure event.
This is a routine senior management transition with no change at board or CEO level, so direct impact on shareholders is limited. However, the delayed disclosure of a KMP change may raise minor governance concerns among investors watching for compliance timeliness.