Simandhar Impex Limited has submitted a regulatory disclosure to BSE Limited regarding management changes, filed under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Resignation Details

The Board of Directors, at its meeting held on June 30, 2026, approved the resignation of Mr. Prashant Avantilal Vora (DIN: 06574912) from the office of Managing Director and Key Managerial Personnel of the Company. The resignation is effective from the conclusion of the Board meeting held on June 30, 2026.

Reason for Resignation

According to the resignation letter dated June 30, 2026 (Annexure I-A), Mr. Vora's resignation is consequent to the change in control and management of the Company pursuant to the 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 in accordance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mr. Vora confirmed there are no other material reasons for his resignation.

Director Profile and Relationships

  • Date of cessation: June 30, 2026 (effective from conclusion of Board Meeting)
  • Brief profile: Not provided in disclosure
  • Relationships between directors: Not applicable
  • Information required under BSE Circular no. LIST/COMP/14/2018-19: Not applicable

Other Directorships

Mr. Vora holds directorships in one listed entity other than Simandhar Impex Limited:

  • Parshva Enterprises Limited: Managing Director and member of Stakeholders Relationship Committee

Board Action and Succession Planning

The Board has approved the appointment of the existing Executive Director as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company, effective from the conclusion of the Board meeting held on June 30, 2026. This appointment is in addition to his existing office as Executive Director, intended to ensure continuity in the governance, management, and operations of the Company. A separate disclosure regarding this appointment is being submitted in accordance with applicable SEBI regulations.