Resignation of Company Secretary w.e.f 13th August, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Precoated Steels Ltd informed the stock exchange that Company Secretary & Compliance Officer Ms. Krishna Agrawal has resigned effective end of day August 13, 2025, to pursue another career opportunity. Ms. Priyanka Khandelwal (a Company Secretary and law graduate with about 3.5 years of experience) has been appointed as the new Company Secretary & Compliance Officer effective August 14, 2025, ensuring continuity. The board also re-appointed Mr. Harsh L. Mehta as Managing Director for another 5-year term from May 24, 2026 to May 23, 2031, subject to shareholder approval. Along with this, the company announced Q1 FY26 (quarter ended June 30, 2025) results showing zero revenue from operations, a loss of Rs. 12 lakhs, and EPS of (0.29). The statutory auditor flagged a material uncertainty on the company's ability to continue as a going concern because the company's net worth is negative (Rs. (216) lakhs as of March 2025).
The Company Secretary change is routine with a replacement lined up, so it should not worry shareholders. The bigger concern is the auditor's going-concern flag — with zero revenue and negative net worth, the company's financial health and stock price remain under pressure until revenue and profitability improve.