Intimation of resignation of Company Secretary and Compliance Officer under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 8.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rathi Steel & Power Ltd has informed the BSE that Ms. Shobhita Singh has resigned from the post of Company Secretary and Compliance Officer of the company. Her resignation is effective from the close of business hours on June 24, 2025, and is due to personal reasons. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The signed communication was issued by Abhishek Verma, Director of the company. No successor or replacement appointment has been announced in this filing.
The Company Secretary is a Key Managerial Personnel (KMP) under the Companies Act, so this is a notable governance change. Investors should watch for a timely replacement appointment, as the position is mandatory and also acts as the Compliance Officer for SEBI purposes. Short-term impact on the stock is likely minimal, but prolonged vacancy could raise governance concerns.