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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Saptak Chem And Business Ltd met on December 29, 2025, and approved two key matters. First, the company is shifting its registered office within Isanpur, Ahmedabad, from Rangoli Apartment to C-608, Shyam Parisar — essentially an administrative relocation within the same locality. Second, the Board accepted the resignation of Mr. Manthan Bhavsar (DIN: 05208214) as Director and Managing Director, effective the same day, citing pre-occupation as the reason. Mr. Bhavsar confirmed no material reasons for his exit beyond what was stated, and he held no shares in the company. Rohitkumar Parikh (DIN: 07394964), who continues as Managing Director, signed the filing.
The resignation of the Managing Director creates a leadership gap at a small-cap company and may raise governance concerns among shareholders, especially since no replacement was announced in this filing. The office shift is purely administrative with no financial impact.