Crystal Business System has accepted the resignation of Khushi Jain from the post of Company Secretary and Compliance Officer, effective August 7, 2026. The departure, attributed to personal and unavoidable circumstances, leaves the company without a designated compliance officer while it initiates a search for a suitable replacement. This leadership change in the compliance function requires immediate attention to ensure continued adherence to regulatory reporting obligations under SEBI Listing Regulations.

The intimation was submitted to BSE Limited and Metropolitan Stock Exchange Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bal Mukund Tiwari, Managing Director of Crystal Business System, signed the disclosure on behalf of the Board of Directors. The filing included the resignation letter and details required under Part A, Para A of Schedule III of the SEBI Listing Regulations, along with reference to SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Khushi Jain, who held ACS membership number 79892, tendered her resignation due to personal and unavoidable circumstances. Her cessation date was fixed for August 7, 2026. The Board of Directors has accepted her resignation and relieved her of her duties with effect from the same date. Jain thanked the Board and her team for the support extended during her tenure as Company Secretary and Compliance Officer.

The company stated it is in the process of identifying and hiring a suitable candidate for the said position. Crystal Business System will inform the stock exchanges once the vacancy is filled. Until a new appointee is named, the company must ensure that all statutory filings and compliance requirements are managed appropriately to avoid any regulatory lapses.

What This Means for Compliance

The role of the Company Secretary and Compliance Officer is critical for ensuring that listed entities adhere to the continuous disclosure norms mandated by SEBI. With the position vacant, the operational burden of compliance may temporarily shift to other senior management or external consultants. Investors should monitor subsequent announcements regarding the appointment of a successor to assess the stability of the company’s corporate governance framework.

Crystal Business System Limited's board has approved the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India Limited (MSEI) due to low trading volumes and the additional burden of listing fees. The decision, taken during a board meeting on July 21, 2026, leverages Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021, which permits delisting without an exit window if the company continues to be listed on a nationwide stock exchange. The company will maintain its listing on BSE Limited, ensuring continued trading access for investors and negating the need for an exit opportunity.

The proposal covers 10,02,65,430 equity shares with a paid-up value of ₹1 each and an ISIN of INE994R01028. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Balmukund Shyamsundar Tiwari, Managing Director, signed the communication confirming the board's decision. The company disclosed the newspaper advertisement clippings published in the Financial Express and Jansatta on July 22, 2026, regarding the proposed delisting.

Delisting Details