Vidya Wires Limited has informed the Exchange about Resignation of Director/KMP/SMP
VIDYAWIRES · price
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 2.0 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Alpesh Somjibhai Makwana has resigned from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) of Vidya Wires Limited with effect from May 12, 2026. He served in this role from August 29, 2024 to May 12, 2026. Makwana cited personal and professional aspirations as the reason for his resignation, stating there is no other material reason. The Board of Directors accepted his resignation through a resolution passed on May 12, 2026. The company will need to file necessary intimations with ROC, stock exchanges, CDSL, and NSDL to update records regarding this change in KMP.
This is a routine KMP change. While the Company Secretary position is critical for compliance, the departure of a relatively junior KMP after less than 2 years tenure is unlikely to have significant impact on the stock price. However, investors should monitor for timely appointment of a replacement to ensure compliance continuity.