Revised disclosure under Reg 30 for resignation of CFO

Cfo ResignedMultiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.6%Reaction day

₹101.78

prior close

₹106.86

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+3.9% vs market

Personal Care peers, median of 11sector-0.1%+4.7% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.7 pts more than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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+4.6+1.2+3.5+0.1+4.5

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AI summary

Ador Multi Products Limited has revised its earlier disclosure regarding the resignations of Mr. Deep Ashda Lalvani (Whole Time Director and CFO) and Ms. Tanya Halina Advani (Non-Executive Director), both effective 27th May, 2025. The resignations are due to a change in control of the company following a Share Purchase Agreement dated 21st March, 2025 between the existing promoters and new acquirers (takeover). The revised filing on 10th June, 2025 was submitted to correct a clerical error in the original file merging. Both outgoing directors confirmed they have no outstanding claims against the company.

Likely market impact

This filing confirms a complete change in management tied to a takeover, with both the CFO and a non-executive director stepping down as new owners take control. Shareholders should expect new board appointments from the acquirers soon, and the stock may see volatility as the company's strategic direction shifts under new ownership.