All four directors resign at Simandhar Impex amid change of control
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Simandhar Impex announced resignation of all 4 directors effective June 30, 2026, following a change in control. Managing Director Prashant Vora, Chairperson Harsh Vora (both promoters), and independent directors Tejas Shah and Meghna Savla have stepped down. Resignations stem from a Share Purchase Agreement dated January 14, 2026 between existing promoters and acquirers. The board has approved new director appointments to ensure continuity. Filed under SEBI LODR Regulation 30.
Major board reshuffle due to takeover. Promoters exiting, new directors incoming. Monitor for new leadership announcements and governance impact.