Nature of the Disclosure

This is a regulatory filing submitted by Golden Crest Education & Services Limited to the BSE Limited and The Calcutta Stock Exchange Limited. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The purpose is to intimate the stock exchanges of the resignation of two directors from the company's board.

Key Quantitative Figures & Dates

  • Effective Date of Resignation: The close of business hours on 03rd July, 2026.
  • Date of Intimation to Exchanges: 23rd June, 2026.

Parties or Entities Involved

  • Listed Entity: Golden Crest Education & Services Limited (CIN: L51109MH1982PLC443001).
  • Resigning Directors:
  • Mrs. Bela Garg (DIN: 03422782), Non-Executive Independent Director.
  • Mr. Bhola Pandit (DIN: 00780063), Non-Executive Director.
  • Signing Authority: Mr. Yogesh Lama, Managing Director & CEO (DIN: 07799934).
  • Regulatory Recipients: BSE Limited (Scrip Code: 540062) and The Calcutta Stock Exchange Limited (Scrip Code: 29324).

Purpose or Stated Rationale for Resignation

  • Mrs. Bela Garg: Resigned due to "other professional commitments."
  • Mr. Bhola Pandit: Resigned due to "personal and unavoidable circumstances."

Financial or Operational Impact

No financial or operational impact is quantified or described in the disclosure. The resignations are presented as changes in board composition.

Capital Structure Impact

No impact on the company's capital structure is mentioned.

Governance Impact

The resignations result in the following governance changes:

  • Both directors will cease to be members and/or chairpersons of the Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee, and Risk Management Committee.
  • The board is currently in the process of selecting new directors. The stock exchanges will be informed once the selections are finalized.

Additional Confirmations

Both resigning directors have explicitly confirmed that there are no material reasons for their resignation other than those mentioned in their respective resignation letters.

Enclosures

The following documents were enclosed with the main filing to the exchanges:

  • The resignation letter received from Mrs. Bela Garg.
  • The resignation letter received from Mr. Bhola Pandit.

#Tags: #GoldenCrestEducation #ManagementChange #SEBIDisclosure #RegulatoryCompliance #BoardResignation #Neutral