Resignation of Mogansundaram Chandrasekaran as a Company Secretary & Compliance Officer of the Company.
Awaiting price reaction for this filing.
Mogansundaram Chandrasekaran has resigned as Company Secretary & Compliance Officer of the company, effective from the close of business hours on November 17, 2025. The reason cited is personal reasons. The resignation letter has been submitted to the Board and enclosed with the filing. The company has been asked to make the necessary statutory filings with regulatory authorities. Note: The resignation letter is actually addressed to Dugar Housing Developments Limited, suggesting either a mismatch in the filing's company name or a related-party filing.
This is a KMP-level exit at the compliance level, which may briefly affect compliance workflows until a replacement is appointed. Routine personal-reason resignations of company secretaries usually have limited share-price impact, but investors should watch for a timely replacement appointment to avoid any governance discontinuity.