Updation on the joining of Company Secretary and Compliance Officer of the Company
Awaiting price reaction for this filing.
Mr. Amit Kumar Parakh, who was appointed as Company Secretary & Compliance Officer of Binny Limited at the board meeting on 14 May 2025, has informed the company that he will not be joining the post. He stated he is continuing in his current company. As a result, the position of Company Secretary & Compliance Officer at Binny Limited remains vacant. The company has said it will immediately begin the process of appointing a new person for the role. The disclosure is being made under SEBI Listing Regulations and includes the appointee's letter as Annexure B.
The company currently has no Company Secretary & Compliance Officer, which is a mandatory KMP position under the Companies Act. This could raise short-term compliance concerns and delay statutory filings until a replacement is appointed. For shareholders, it is a routine KMP update with no direct impact on business or financials.