The Board of Directors at its meeting held on 14th August, 2025, approved the resignation along with the resignation letter of Mr. Samir Biswas as the managing Director of the company.
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At its August 14, 2025 meeting, the board accepted the resignations of Mr. Samir Biswas (Managing Director) and Mr. Amit Paul (Executive Director), both effective the same day. Mr. Biswas cited pre-occupation with other assignments. In their place, Mr. Rajib Singh was appointed as the new Managing Director and Mr. Dipak Kumar Das as Executive Director, each for a five-year term subject to shareholder approval. The board also approved Q1 FY26 (quarter ended June 30, 2025) results: revenue from operations rose to ₹7.16 lakh (from ₹5.76 lakh YoY), net profit came in at ₹1.71 lakh (vs ₹1.43 lakh), with EPS of ₹0.02. Additionally, new secretarial and internal auditors were appointed, and the 29th AGM was scheduled for September 15, 2025.
The simultaneous exit of the MD and ED followed by quick replacement suggests a planned leadership transition rather than disruption, which should reassure shareholders. However, the company remains very small in scale (sub-₹10 lakh quarterly operating revenue), and the stock is a thinly-traded micro-cap — investors should watch for continuity in business execution under the new leadership.