PFA required details for change in management in the Company.
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Quest Capital Markets Limited has informed the stock exchange that Mr. Sunil Bhandari (DIN: 00052161) has resigned as Chairman and Non-Executive Director of the company, effective May 1, 2025. He cited personal reasons and other professional commitments for his exit. Mr. Bhandari was also stepping off four board committees — Nomination and Remuneration Committee, Risk Management Committee, Asset Liability Committee, and Investment Committee. His resignation letter was dated April 28, 2025, and the intimation under SEBI LODR Regulation 30 was filed on May 2, 2025. The company has not yet announced a replacement.
A single non-executive director resignation for personal reasons is typically a routine governance event with limited direct impact on operations or stock price. Shareholders may want to watch for the appointment of a replacement director and any changes in committee composition.