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 two top executives resigned on the same day, February 19, 2026. Mr. Anil Sharma stepped down from the post of Managing Director, and Mr. Jignesh Keshav Barot resigned from the post of Chief Financial Officer. Both cited 'personal and unavoidable circumstances' as the reason. The resignations were noted in a board meeting held the same day from 4:00 PM to 4:30 PM, based on the recommendation of the Nomination and Remuneration Committee. No brief profiles were provided (marked NA) and no new appointments were announced in this filing, leaving the company's top leadership positions vacant for now.
The simultaneous exit of both the Managing Director and CFO is a significant governance event that may raise concerns about leadership continuity and stability. Shareholders should watch for the company's next announcement regarding replacements, as gaps in key managerial positions can create uncertainty around decision-making and financial oversight.