Resignation of Company Secretary
Awaiting price reaction for this filing.
Mr. Akshay Kene has tendered his resignation from the position of Company Secretary and Compliance Officer of Maxgrow India Ltd. The resignation is effective from the closing of business hours on 30th May 2026. The reason cited is personal reasons. Akshay Kene held the position of Key Managerial Personnel (KMP) at the company. The resignation has been acknowledged by the board and the Managing Director Shivkumar Pasi has signed the intimation to BSE. The company now needs to appoint a replacement to fulfill its compliance and regulatory requirements.
The departure of a KMP like the Company Secretary raises governance concerns as the company must promptly appoint a replacement to maintain statutory compliance. This may create short-term uncertainty for investors regarding the company's compliance framework.