Simandhar Impex CFO Gaurav Baid Resigns Post-Acquisition

Key Event: Resignation of CFO

Mr. Gaurav Baid resigned from his positions as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Simandhar Impex Limited.

Effective Date

The resignation is effective from the conclusion of the Board Meeting held on June 30, 2026.

Reason for Resignation

The resignation was submitted consequent to a change in control and management of the Company. This change was effected pursuant to a Share Purchase Agreement dated January 14, 2026, executed between the existing Promoters and the Acquirers in connection with the acquisition of the Company. The resignation is stated to be in accordance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The resigning CFO confirmed there are no additional material reasons for his resignation.

Board Action

The Board of Directors, at its meeting held on June 30, 2026, approved the resignation of Mr. Gaurav Baid. Simultaneously, the Board approved the appointment of a new Chief Financial Officer and Key Managerial Personnel with effect from the same date (conclusion of the June 30, 2026, Board Meeting) to ensure continuity in governance, management, and operations. A separate disclosure for the new appointment is being submitted.

Documents Submitted

The filing includes the resignation letter from Mr. Gaurav Baid (Annexure-II) and an acknowledgment of receipt of the resignation letter from the company.

Financial Impact

No financial impact is quantified in the disclosure.

Capital Structure Impact

No direct impact on the company's capital structure is disclosed. The event is a consequence of a change in ownership and control.