Shanti Overseas (India) Limited has informed the Exchange regarding Resignation of Ms Ramita Otwani as Company Secretary & Compliance Officer of the company w.e.f. April 29, 2025.
SHANTI · price
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.4 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ms. Ramita Otwani has resigned from her position as Company Secretary and Compliance Officer of Shanti Overseas (India) Limited, effective April 29, 2025. The Company Secretary is a Key Managerial Personnel (KMP) under the Companies Act and is responsible for regulatory compliance and board-related secretarial functions. The company will need to appoint a replacement within the timeframe prescribed under the law to avoid any regulatory non-compliance. No reason for the resignation has been disclosed in the filing.
This is a routine KMP-level exit and a common corporate announcement. It may cause minor short-term uncertainty, but is unlikely to materially affect the stock price. Investors should watch for a timely replacement appointment to ensure continued compliance.