SRIRAMNSEShri Ram Switchgears LimitedHighNegative
Announced Wed, 21 Oct, 2026 · 17:04 IST
Six directors resign as court-approved resolution plan takes effect
Multiple independent directors resignedKey managerial personnel resignedDirector resignedManagement Changes View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Six directors resigned effective October 21, 2026: Managing Director Nilesh Jhalani, whole-time directors Devraj and Rohit Jhalani, director Sapna Jhalani, and independent directors Atul Khandelwal and Mudit Gupta. The resignations followed a court-approved resolution plan dated May 8, 2026. The company also disclosed that chief financial officer Naresh Jhalani died on July 19, 2025 during the insolvency process.
Likely market impact
The leadership overhaul may create short-term uncertainty, but the approved resolution plan could support a turnaround.