With reference to our earlier announcement dated April 16, 2025 regarding resignation of CEO/CFO & CS-CO, we submit herewith required details under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 ....
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Awaiting price reaction for this filing.
Star Source Multi Trade Ltd has submitted required SEBI disclosure details for three resignations that took effect on April 16, 2025, which were originally announced without the mandatory details under the November 2024 SEBI circular. Mr. Bhavin Sheth resigned as Executive Director and CEO, Shri. Ashok Somani resigned as Executive Director and CFO, and Mrs. Unnatti Jain resigned as Company Secretary and Compliance Officer. All three cited 'other commitments and other pre-occupations' as the reason for stepping down. The current MD & CEO Ruchit Mehta (DIN: 08810586) signed the filing, indicating leadership has been reconstituted. This is a delayed compliance filing roughly 8 months after the original resignations.
For shareholders, this raises a mild governance red flag due to the late submission of mandatory disclosures, though no new negative information is being revealed. The simultaneous exit of the CEO, CFO, and Company Secretary on the same day is unusual and may suggest internal restructuring or instability worth monitoring.