Disclosure under Reg 30 for resignation of Deep Ashda Lalvani as CFO
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Mr. Deep Ashda Lalvani has resigned as Whole Time Director and Chief Financial Officer of the company, effective 27th May 2025. The resignation is linked to a change in control arising from a Share Purchase Agreement dated 21st March 2025 between the existing promoters and new acquirers, described as a 'Takeover'. The disclosure is filed by Pinki Sharma, Company Secretary of Ador Multi Products Limited, which points to the company being the same entity under its earlier name. No replacement appointment has been announced in this filing.
This is a leadership change triggered by a takeover, which could lead to a new management team and possible shifts in business direction. Shareholders should watch for follow-up announcements on new CFO and director appointments, and track the takeover's progress as both could materially affect the stock.