Chairman and MD Ashok Kalra resigns; no proper handover done
RAJMET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 2.4 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Ashok Kalra resigned as Chairman, Managing Director, Director, KMP and CSR Committee member of Rajnandini Metal Limited effective September 29, 2026, to pursue a different business venture. The Company flagged that the resignation has not yet been accepted by the Board and no proper handover has taken place on stock position, financial position, books of accounts, GST, income tax and other statutory compliances. He was required to give one month prior notice per his arrangement but resigned with immediate effect.
Governance red flag: sudden exit without proper handover or notice period raises uncertainty over leadership, compliance and internal controls.