Key Event and Effective Date
The Board of Directors of Simandhar Impex Limited, at its meeting held on June 30, 2026, approved the resignation of Ms. Saloni Abhishek Shah from her positions as Company Secretary and Key Managerial Personnel of the Company. The resignation is effective from the conclusion of that same Board Meeting held on June 30, 2026.
Reason for Resignation
As per the resignation letter (Annexure I-A), the resignation was submitted "consequent to the change in control and management of the Company." This change is 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. Ms. Shah confirmed there are no other material reasons for her resignation.
Immediate Board Action and Continuity
Concurrently, the Board approved the appointment of a new Company Secretary, Compliance Officer, and Key Managerial Personnel, effective immediately from the conclusion of the June 30, 2026 meeting. This action was taken to ensure continuity in the company's governance, management, and operations. A separate disclosure regarding this new appointment is stated to be submitted as per SEBI Listing Regulations.
Financial Impact
The disclosure does not quantify any financial impact resulting from the resignation.
Documents Submitted
The filing includes the following enclosures:
- Annexure I: Disclosure table as required by SEBI regulations.
- Annexure I-A: The full resignation letter from Ms. Saloni Abhishek Shah.
- An acknowledgment letter from the company (Director Amit Suresh Ninawe) confirming receipt of Ms. Shah's resignation.