Auri Grow India accepts resignation of Company Secretary Aditi Garg

1 min read     Updated on 13 Jun 2026, 05:09 AM
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Anirudha BScanX News Team
AI Summary

Auri Grow India Limited has accepted the resignation of Ms. Aditi Garg from the post of Company Secretary, Compliance Officer, and Key Managerial Personnel effective June 12, 2026. The resignation, attributed to personal reasons and professional commitments, was approved by the Board of Directors during a meeting held on June 12, 2026. The regulatory filing confirms that all necessary formalities, including Ministry of Corporate Affairs filings, will be completed.

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Auri Grow India Limited has accepted the resignation of Ms. Aditi Garg as its Company Secretary, Compliance Officer, and key managerial personnel. The resignation is effective from the close of business hours on June 12, 2026. The Board of Directors acknowledged the departure and recorded its appreciation for Ms. Garg's contributions during her tenure with the company.

Ms. Garg cited personal reasons and other professional commitments as the basis for her resignation. In her resignation letter addressed to the Board, she confirmed there are no other material reasons for her departure. She requested the company complete all necessary formalities, including filings with the Ministry of Corporate Affairs and notifications to relevant authorities.

The intimation was submitted to the National Stock Exchange of India Ltd. pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Patel Tilak Satishbhai, Managing Director & CFO, signed the regulatory filing on behalf of Auri Grow India Limited. The company, formerly known as Godha Cabcon & Insulation Limited, operates with its registered office in Indore and a corporate office in Ahmedabad.

The specific details regarding the change in key managerial personnel were provided in Annexure A of the regulatory filing.

S.No. Particulars Details
1 Name Ms. Aditi Garg
2 Reason for change Resignation due to personal reason and other professional commitments
3 Date of cessation Close of Business hours of June 12, 2026
4 Brief Profile NA
5 Disclosure of relationships NA

Historical Stock Returns for Auri Grow India

1 Day5 Days1 Month6 Months1 Year5 Years
-2.78%+16.67%+2.94%-52.70%-27.08%-80.45%

Who will be appointed as the interim or permanent replacement for Ms. Garg, and what is the timeline for this transition?

How will the departure of a key compliance officer impact the company's regulatory filings and governance standards in the near term?

Will the resignation lead to any delays in the company's ongoing strategic initiatives or corporate governance milestones?

Auri Inc. announces leadership changes and strategic shift

1 min read     Updated on 08 Jun 2026, 10:49 PM
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AI Summary

Auri Inc. is restructuring its operations and leadership, retaining Edward V. Vakser as CEO and appointing Anthony Saviano as Chairman. The company will release Black Dragon Resource Company from subsidiary status to pursue an uplisting via a potential SPAC merger. Assets including the Frac Sand property and Triumph Energy Services will remain with Black Dragon Resource Company, while tokens and the Gold Mine stay with Auri Inc.

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Auri Inc. has announced a strategic restructuring and leadership transition aimed at facilitating an uplisting for its subsidiary, Black Dragon Resource Company. The company will retain Edward V. Vakser as CEO and Chairman, while Anthony Saviano joins as the new Chairman of the Board. These changes are intended to streamline operations and prepare Black Dragon Resource Company for a move to a higher market through talks with several companies and SPACs regarding a potential merger.

Leadership Transition

The management structure sees Edward V. Vakser continuing in his role as CEO and Chairman of Auri Inc. Bon Haldar has resigned as Interim CEO of Auri Inc. but will remain the Interim CEO of Black Dragon Resource Company. Anthony Saviano, who has consulted public companies on compliance and non-dilutive practices, has been appointed Chairman of the Board. Edward V. Vakser will step down as Chairman and Secretary of Black Dragon Resource Company.

Strategic Restructuring

Auri Inc. will release Black Dragon Resource Company from its subsidiary status to allow it to focus on uplisting. This direction change follows a press release dated June 2, 2026. The restructuring involves the allocation of specific assets to each entity to support their respective strategies.

Asset Allocation

The following table details the allocation of assets between Auri Inc. and Black Dragon Resource Company following the restructuring:

Entity Asset Status
Black Dragon Resource Company Frac Sand property Retained
Black Dragon Resource Company Triumph Energy Services (negotiating acquisition) Retained
Auri Inc. Tokens for Michelangelo Art replication Retained
Auri Inc. Gold Mine Retained
Auri Inc. All other assets Retained

Anthony Saviano expressed his optimism regarding the new direction, stating that he sees significant potential for shareholders as the company grows in a proper fashion. The company is currently engaged in discussions to facilitate a merger that would support the uplisting of Black Dragon Resource Company.

Historical Stock Returns for Auri Grow India

1 Day5 Days1 Month6 Months1 Year5 Years
-2.78%+16.67%+2.94%-52.70%-27.08%-80.45%

What is the expected timeline for Black Dragon Resource Company to complete its uplisting?

How will the separation of assets impact Auri Inc.'s operational focus and financial performance?

Which specific companies or SPACs are currently in discussions for the potential merger?

More News on Auri Grow India

1 Year Returns:-27.08%