Intimation of Resignation of Company Secretary and Compliance Officer of the Company

Kmp ResignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-3.3% vs market

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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.1 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ratnabhumi Developers Ltd has informed the stock exchange about the resignation of Ms. Divya Joshi from the post of Company Secretary and Compliance Officer. Her resignation is effective from the close of business hours on May 31, 2025, and she has cited pursuing a new career opportunity outside the organisation as the reason. The resignation letter was received on May 7, 2025, and the intimation was made under SEBI Listing Regulations. The company is now required to appoint a new Company Secretary to fill this Key Managerial Personnel position.

Likely market impact

This is a routine KMP-level departure with no governance red flags or disputes mentioned. Investors should watch for timely appointment of a replacement, as the Company Secretary role is mandatory under the Companies Act. Minimal direct impact on stock price expected.