Subject:Intimation Under Regulation 30 of Sebi(Lodr) Regulations,2015- Resignation of Chief Financial Officer(CFO) of the Company. Reference: Your Email Dated 15.05.2025 for additional ....
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shree Steel Wire Ropes Ltd has informed the BSE that its Chief Financial Officer, Mr. Sagar P. Desai, has resigned from the position effective from the close of business hours on 13.05.2025, citing personal reasons. The company clarifies that the original intimation had inadvertently mentioned an incorrect resignation date of 15.04.2025, and the corrected date is now being communicated. The filing was originally made on 14.05.2025, so there was no delay in reporting it to the exchange. Mr. Desai also held the designation of Key Managerial Personnel (KMP).
This is a routine change at the top finance position. Shareholders should watch for timely appointment of a new CFO, as a prolonged vacancy in this critical role could raise minor governance concerns. No immediate material impact on stock price is expected.