With reference to your mail dated 16th April, 2024, we are enclosing announcement once again which also containes the additional information along with copy of letter of resignation received ....
Awaiting price reaction for this filing.
Mr. Kaushal Shah has resigned from the position of Company Secretary and Compliance Officer of AJR Infra And Tolling Ltd (formerly Gammon Infrastructure Projects Limited). He had been with the company since October 23, 2006, and was relieved from services with effect from the close of business hours on February 28, 2025. The stated reason for his departure is to explore better opportunities and prospects. There was a delay in informing the stock exchange about this resignation because the management was negotiating with Mr. Shah to reconsider and withdraw his decision, but he declined and was eventually relieved as per his request.
The Company Secretary and Compliance Officer is a critical role for regulatory filings and corporate governance, so shareholders should watch for timely disclosure of his replacement. The delayed intimation to the exchange (from February 2025 to April 2025) and the company's admission that it tried to retain the resigning KMP may raise minor governance concerns.