Intimation of Resignation of Mr. Jugalkishore Harikisan Maniyar (DIN 00094237), Wholetime Director of the Company.
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On February 14, 2026, three directors of the company resigned with immediate effect. Ms. Aruna Mahesh Menkudale, Independent Director, resigned citing professional commitments. Mr. Jugal Kishore Harikisan Maniyar, Whole-time Director, and Mrs. Sunita Jugal Kishore Maniyar, Director (both from the Maniyar family sharing the same Nagpur address, likely spouses), resigned citing an ongoing open offer and personal commitments. All three resignations were submitted on the same day. The reference to an 'open offer' indicates a takeover event is in progress, prompting the outgoing promoter-family directors to step down.
Simultaneous exit of three directors, including the Whole-time Director from the promoter family, points to a major ownership change. Shareholders should brace for leadership transition and watch for updates on the open offer and board reconstitution. The stock may see volatility tied to the takeover process.