In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we wish to inform you that the Board of Directors ....
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Awaiting price reaction for this filing.
Sanmitra Commercial Limited's board, at its meeting on 19th August 2025, approved multiple leadership changes. Ms. Suman Prakash Shah resigned as Chief Executive Officer effective the close of business on 19th August 2025, but will continue on the board as a Non-Executive, Non-Independent Director. She is the spouse of existing Director Mr. Prakash Bhoorchand Shah. The board appointed Mr. Jenil Hitesh Chheda as Executive Director for a 3-year term and Mr. Deepak Pandit as Non-Executive, Independent Director, both effective 19th August 2025 and subject to shareholder approval at the next general meeting. No specific reason for the CEO exit was given beyond the contents of her resignation letter.
The CEO transition looks orderly, with the outgoing CEO retaining a board seat for continuity, though the CEO role itself is being vacated without a named successor. Shareholders will need to approve the two new director appointments at the upcoming general meeting. Stock price impact is likely limited given the small scale of the company and routine nature of these changes.