Key Personnel Change
Mr. Kedarmal Shankarlal Bankda (DIN: 00023050) has tendered his resignation as Whole-Time Director and Director of Syncom Formulation (India) Limited.
Effective Date and Timing
The resignation is effective from the close of business hours on August 11, 2026. The resignation letter was received by the company on August 8, 2026 at 10:35 AM.
Reason for Resignation
The resignation is voluntary and stems from Mr. Bankda's desire for succession planning after more than five decades with the company, while also giving importance to his health and well-being. The resignation letter explicitly states that it does not arise from any disagreement with the Board, management, or any stakeholder, nor is it due to any other material reason.
Background of Resigning Director
Mr. Bankda is identified as a Founder, Promoter, and Former Chairman & Whole-time Director with over five decades of association with the company. His address is listed as 351, Saket Nagar, Indore (M.P.) - 452018.
Board Acknowledgement
The Board of Directors acknowledged the resignation and placed on record its deep appreciation for Mr. Bankda's exceptional leadership, unwavering commitment, and invaluable contribution during his long association with the company. The Board expressed confidence that his vision and guidance played a significant role in the company's growth and development.
Company Representative
The filing was submitted by Vaishali Agrawal, Company Secretary and Compliance Officer, who digitally signed the document on August 8, 2026 at 12:51:20.
Financial Impact
No financial impact quantified in the disclosure.