This is with reference to the corporate announcement submitted by the Company dated 31-10-2025 10:57:58 PM, under Regulation 30 of SEBI (LODR) Regulations, 2015, Mr. Anil Sharma, Company ....
SIMBHALS · price
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Simbhaoli Sugars Limited, which is currently under Corporate Insolvency Resolution Process (CIRP) since July 2024 under Anurag Goel as Interim Resolution Professional, has reported that Mr. Anil Sharma ceased to be the Company Secretary and Compliance Officer (a Key Managerial Personnel) with effect from October 31, 2025. His probation period ended on September 17, 2025, and the authorities decided not to confirm his employment after reviewing his performance. The company has stated it will begin shortlisting candidates for the role and make the required disclosure upon appointment.
For shareholders, this is a routine KMP-level change during ongoing insolvency proceedings and is unlikely to materially affect the stock price. However, the continued absence of a Company Secretary/Compliance Officer could create temporary governance gaps that investors should monitor until a replacement is appointed.