Resignation of Company Secretary and Compliance Officer w.e.f 30th April 2025.

Kmp ResignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.0%Reaction day

₹58.38

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.1% vs market

Investment Company peers, median of 58sector-0.1%+1.1% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.1 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0-0.1+1.1-0.1+1.1

Next day

+5.3+1.4+3.9+0.6+4.6

+4.5-1.3+5.8-2.1+6.6

-0.7-0.0-0.7-1.2+0.4

+3.6-0.9+4.5-2.7+6.3

-1.5-1.0-0.6-3.8+2.3

-3.2+5.3-8.5+1.3-4.5

15d

+6.3+10.5-4.2+3.5+2.8

—+12.2—+3.2—

+13.3+15.4-2.1+6.7+6.6

+156.3+13.1+143.2+4.0+152.3

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 58Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ms. Foram Sagar Bhuva (ACS-60689), the Whole Time Company Secretary and Compliance Officer, has resigned effective close of business on 30th April 2025 to pursue an alternate career outside the company. The board has accepted her resignation, which will be formally noted at the next board meeting. She will also cease to be a Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. No material reasons other than those stated in her resignation letter were disclosed. The filing was signed by Managing Director Manoj S. Savla (DIN: 01529306).

Likely market impact

This is a routine KMP-level exit with a benign reason (career move), but the company now has a vacant compliance officer position that must be filled soon to meet SEBI LODR and Companies Act requirements. No immediate material impact on shareholders is expected, but prolonged vacancy could raise governance concerns.