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 has informed the stock exchanges that two top executives resigned on the same day, February 19, 2026, at a brief board meeting held from 4:00 PM to 4:30 PM. Mr. Anil Sharma (DIN: 02928210) stepped down as Managing Director, and Mr. Jignesh Keshav Barot resigned as Chief Financial Officer. Both cited 'personal and unavoidable circumstances' as the reason and stated there are no other material reasons for their departure. The company has attached the detailed resignations and SEBI-required disclosures as annexures, but has not announced any replacements for either role. This is a small Delhi-based auto company (CIN: L34102DL1985PLC020156) that now has a leadership vacuum at the top.
The simultaneous exit of the Managing Director and CFO is a significant governance red flag for shareholders, especially with no replacements named yet. Until new leadership is appointed, investors should expect uncertainty around operational continuity, financial reporting, and strategic direction of this small-cap company.