The Board took note and approved the resignation of Mr. Pradeep Saremal Jain w.e.f. 02-04-2026 vide resolution passed by Circulation on 21-04-2026
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.0 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Pradeep Saremal Jain (DIN: 03363790) has resigned as Whole Time Director of the company, effective April 2, 2026, citing personal reasons. The resignation was approved through a board resolution passed by circulation, with the final approval received on April 21, 2026. Mr. Jain did not hold directorship in any other listed company. Rajesh Singh Kaira continues as Managing Director, and the company has not yet announced a replacement for the Whole Time Director role.
This is a key managerial personnel exit at a small NBFC, which may create a short-term leadership gap. Investors should watch for the company's next update on the appointment of a new Whole Time Director, as prolonged vacancies at the board level could be a minor governance concern.