The Sandesh Limited has informed the Exchange regarding Cessation of Mr. Nagesh Shukla as Senior Management Personnel of the company w.e.f. May 29, 2025.
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Awaiting price reaction for this filing.
The Sandesh Limited has informed the stock exchanges that 8 employees — including Mr. Nagesh Shukla — will no longer be classified as Senior Management Personnel (SMP) with effect from May 29, 2025. The change is due to an internal restructuring of the company's reporting hierarchy, not due to anyone leaving the company. All 8 individuals will continue in their existing roles at the company, but fall outside the SEBI-defined 'Senior Management' category going forward. The filing was signed by the CFO, Sanjay Kumar Tandon, confirming senior leadership continuity.
This is largely a procedural/technical disclosure and not a material event for shareholders. No employee is exiting the company — it is a reclassification exercise. Stock price impact is expected to be negligible.