Pursuant to Regulation 30 read with Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements), 2015, we wish to inform that Mr. Shamshad Alam (ACS: 66754) has tendered ....
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Tasty Dairy Specialities Ltd has informed BSE that Mr. Shamshad Alam has resigned from the position of Company Secretary & Compliance Officer, a Key Managerial Personnel role, citing personal reasons. His resignation letter was dated November 15, 2025, and he will be relieved from duties at the close of business on December 15, 2025. In his resignation letter, he cited practical constraints arising from the change in management due to the ongoing Corporate Insolvency Resolution Process (CIRP) and a family medical emergency. The company is currently under CIRP under the Insolvency and Bankruptcy Code, 2016, with Resolution Professional Mr. Anish Agarwal managing its affairs since the CIRP order dated October 7, 2025.
Shareholders should note that the company is under insolvency resolution and the resignation of its compliance officer, even for personal reasons, highlights the operational and governance challenges during the CIRP period. This development may signal continued instability at the management level while the insolvency process is ongoing.