Announced Mon, 15 Sept · 16:13 IST

Intimation of Demise of Mr. Anupkumar K. Goswami Promoter, Chief Financial Officer and Whole Time Director of the Company.

Kmp ResignedManagement Changes View source PDF

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Awaiting price reaction for this filing.

AI summary

Suvidha Infraestate Corporation Ltd has informed the stock exchange about the sudden demise of Mr. Anupkumar K. Goswami on 13th September 2025. He held three key roles in the company — Promoter, Chief Financial Officer, and Whole-Time Director — making him a critical member of the leadership team. He held 1,25,360 equity shares representing 1.41% stake in the company. Following his death, he will be removed from the Promoter/Promoter Group under SEBI regulations, and the agenda item for his retirement by rotation at the upcoming 33rd AGM on 19th September will not be taken up. The company will need to appoint a new CFO and fill the vacant Whole-Time Director position.

Likely market impact

This is a significant leadership shock for a small-cap company, as the deceased held promoter, CFO, and director roles simultaneously. Investors should expect near-term uncertainty around financial reporting continuity, governance restructuring, and potential changes in promoter shareholding classification.