Revised disclosure under Reg 30 for resignation of CFO
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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.
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.