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