Resignation of CS of Transferor Company pursuant to Scheme of Arrangement for Amalgamation of Narbada Gems & Jewellery Limited with Uday Jewellery Industries Limited
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Mr. Sachin Upadhyaya, the Company Secretary and Compliance Officer of Narbada Gems & Jewellery Limited, has resigned with effect from March 2, 2026. The resignation is a direct consequence of the ongoing scheme of amalgamation between Narbada Gems (transferor) and Uday Jewellery Industries (transferee) under Sections 230–232 of the Companies Act, 2013. Mr. Upadhyaya stated that his services would no longer be required due to the restructuring of management following the merger. The disclosure has been made to BSE under Regulation 30 of the SEBI LODR Regulations, 2015.
This is a routine, procedural change driven by the merger rather than a discretionary exit. Shareholders should note it does not signal any governance concern — it is simply part of the wind-up of the transferor entity ahead of its absorption into Uday Jewellery Industries. No material impact on the stock or operations of the transferee company is expected.