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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Valley Magnesite Company Ltd informed the exchanges that Mr. Uttam Banerjee resigned from the post of Chief Financial Officer effective 27th May 2025, citing other engagements. The Board accepted his resignation at a meeting held on the same day. To fill the vacancy, the Board appointed Mrs. Anita Karnawat as the new CFO effective 27th May 2025. She is a B.Com graduate with around 20 years of experience in finance, management, and investment, and holds no shares in the company. The company separately apologised for delays in submitting the resignation letter to the stock exchanges within the 7-day SEBI deadline, attributing it to an unintentional oversight and promising improved internal compliance processes.
Routine top-level finance change with no disclosed reasons for concern; the replacement CFO appears to be an internal succession. The late filing of the resignation disclosure is a minor compliance lapse that may attract scrutiny from exchanges but is unlikely to materially affect shareholders or the stock price.