Submission of announcement under Regulation 30 for resignation of Company Secretary and Compliance Officer of the Company.
Awaiting price reaction for this filing.
Mr. Nitesh Sagwaliya has resigned as Company Secretary and Compliance Officer (Key Managerial Personnel) of Ramasigns Industries Ltd, effective from the close of business hours on 24th June 2025. While the company's intimation to the stock exchange cites 'personal reasons' and exploring opportunities outside the organization, Mr. Sagwaliya's actual resignation letter explicitly states his resignation is 'due to non-payment of salary for an extended period and in view of a better career opportunity.' This discrepancy between the company's stated reason and the resignation letter raises red flags about delayed salary payments to senior management.
This is a governance concern for shareholders — a Key Managerial Personnel resigning due to unpaid salaries suggests potential cash flow or financial distress issues within the company. Investors should watch for further disclosures on whether other employees face similar delays, as this could signal deeper financial trouble.