Ethos Limited Announces Resignation of Company Secretary Shubham Kandhway
Ethos Limited announced the resignation of Company Secretary Shubham Kandhway, effective April 15, 2026, citing alternate career opportunities. The resignation encompasses his roles as Company Secretary, Compliance Officer, and Nodal Officer. The company is actively searching for a replacement and has fulfilled all regulatory disclosure requirements under SEBI regulations.
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Ethos Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel. The luxury watch and jewelry retailer informed both BSE and NSE about this corporate development in compliance with regulatory requirements.
Resignation Details
Mr. Shubham Kandhway has tendered his resignation from multiple key positions within the company. His departure encompasses his roles as Company Secretary, Compliance Officer (Key Managerial Personnel), and Nodal Officer of the company.
| Parameter: | Details |
|---|---|
| Resignation Date: | April 01, 2026 |
| Effective Date: | April 15, 2026 |
| Reason: | Alternate career opportunities outside organization |
| Relief Time: | Close of business hours |
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in accordance with Para A of Part A of Schedule III to the SEBI regulations, ensuring complete transparency with stakeholders.
Ethos Limited's Chief Financial Officer, Munish Gupta, signed the official communication to stock exchanges on April 02, 2026. The company provided comprehensive documentation including the resignation letter and detailed annexures as required by regulatory frameworks.
Succession Planning
The company has initiated the process of identifying and hiring a suitable candidate for the vacant position. Ethos Limited has committed to informing stock exchanges promptly once the replacement is finalized and the vacancy is filled.
In his resignation letter, Kandhway expressed gratitude to the Board of Directors and Senior Management for their support during his tenure. He described his time at Ethos Limited as professionally enriching and personally fulfilling, acknowledging the guidance and cooperation received throughout his service period.
Company Operations
The resignation represents a routine corporate change as the company continues its business operations. Ethos Limited maintains its registered office in Parwanoo, Himachal Pradesh, with corporate office in Chandigarh and head office in Gurugram, Haryana. The company has ensured all necessary regulatory notifications and compliance requirements are being addressed systematically.
Historical Stock Returns for Ethos
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.47% | +11.97% | +13.54% | -7.88% | +3.30% | +221.21% |
How might the departure of key compliance personnel impact Ethos Limited's regulatory risk profile during the transition period?
What specific qualifications and experience will Ethos prioritize when selecting the new Company Secretary given the luxury retail sector's compliance complexities?
Could this leadership change signal broader organizational restructuring at Ethos Limited as the company adapts to evolving market conditions?
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