Please find attached herewith the intimation with respect to resignation of Directors and KMP of the Company.
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Shentracon Chemicals has informed the stock exchange that four people have resigned from the company with effect from 28 November 2025. These include Non-Executive Non-Independent Director Mrs. Garima Sureka (reason: pre-occupation), two Independent Directors Mr. Milan Sardar and Mr. Chandi Das Chakraborty, and Manager/KMP Mr. Jayanta Sahu. Notably, three of the four resignations cite 'change in management' as the reason, which may hint at a shift in control or ownership. The Managing Director, Mr. Amit Lalit Jain, remains in place. The company has confirmed there are no other material reasons behind the exits.
Simultaneous resignations of two independent directors and a KMP citing 'change in management' is a red flag for retail investors, as it may signal an upcoming takeover, restructuring, or governance reshuffle. The stock could see volatility until clarity emerges on the new management structure and whether fresh independent directors are appointed.