Resignation of Company Secretary / Compliance Officer,
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sita Enterprises announced a sweeping management overhaul on 01 September 2025 tied to a change of control. Promoters (Ashok Kumar Tulsyan, Ashok Tulsyan HUF, SAAS Commerce LLP, and Bombay Mercantile & Leasing Company) are transferring 21,00,000 equity shares to Mr. Jitendra Rasiklal Sanghvi under a Share Purchase Agreement dated 24 December 2024. The outgoing CFO, Mr. Vasantkumar Shantilal Vora, and Company Secretary, Ms. Shweta Mehta, both resigned citing the change in management. Mr. Harsh Jitendra Gandhi, a Chartered Accountant, has been appointed as both Executive Director and CFO, while Mr. Kirit Gordhandas Thakker joins as Executive Director. Ms. Anushree Rakesh Singh has been appointed as Independent Director and Ms. Monika Jain as the new Company Secretary & Compliance Officer. Another board meeting is scheduled for 04 September 2025 to finalize transfer of control matters.
This is a complete change-of-control event with the promoter block exiting entirely to a new shareholder, bringing in a new CFO, CS, and two executive directors. Retail investors should expect a transition period and closely watch the 04 September board meeting for further details on the new management's plans and strategy.