Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant provision of Companies Act, 2013, we would like to inform that ....
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Sidh Automobiles Ltd has informed the stock exchange that both its Managing Director, Mr. Anil Sharma (DIN: 02928210), and Chief Financial Officer, Mr. Jignesh Keshav Barot, have resigned from their respective posts with effect from February 19, 2026. Both resignations were accepted at a board meeting held on the same day, and both individuals cited 'personal and unavoidable circumstances' as the reason for stepping down. The company is a small automobile dealer based in New Delhi (CIN: L34102DL1985PLC020156). The sudden and simultaneous loss of both the top executive and the finance head is a significant leadership vacuum for the company.
The simultaneous exit of the Managing Director and CFO is a major red flag for shareholders, raising governance and continuity concerns. Investors should watch for disclosures on interim arrangements and successor appointments, as the absence of two key managerial personnel at once could increase operational and compliance risk.