Fiem Industries announced on May 19, 2026, that it has received the resignation of Mr. Vineet Sahni from the position of CEO and Whole-time Director. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Sahni cited personal reasons and a decision to pursue other interests as the basis for his resignation. In his resignation letter addressed to the Board of Directors, he expressed gratitude to the Board, senior management, and shareholders for their support during his tenure, which included a second term.

Resignation Details

The company has confirmed that Mr. Sahni has requested to be relieved at the earliest possible date. Consequently, the resignation will be placed before the Board in its forthcoming meeting for formal acceptance. The specific date of relieving will be updated in due course following the Board's decision.

Mr. Sahni confirmed that there are no other reasons for his resignation beyond those stated. He further committed to extending his full support during the transition period and noted that he has already handed over most of his responsibilities to ensure a smooth handover.

Key Disclosures

The following table summarizes the key details regarding the regulatory disclosure provided by the company:

Fiem Industries Limited has submitted its annual disclosure for FY 2025-26 to the stock exchanges, fulfilling regulatory requirements under SEBI guidelines. The company filed the disclosure in Annexure B2 format with both BSE and NSE on April 14, 2026.

Regulatory Compliance and Filing Details

The annual disclosure was submitted in accordance with SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The document was jointly signed by Company Secretary Arvind K. Chauhan and Chief Financial Officer O.P. Gupta, ensuring proper authorization and compliance with regulatory standards.

Large Corporate Entity Status Clarification

Fiem Industries explicitly clarified its corporate classification status in the disclosure. The company stated that it was not categorized as a Large Corporate Entity during FY 2024-25 or FY 2025-26. This classification significantly impacts the company's regulatory obligations, particularly regarding mandatory borrowing requirements.

Debt Securities Borrowing Requirements

Due to its non-Large Corporate Entity status, the mandatory borrowing provisions through debt securities were not applicable to Fiem Industries for FY 2025-26. The disclosure document clearly marked relevant sections as "Not Applicable" for both incremental borrowing requirements and penalty calculations.

Key Personnel and Contact Information

The disclosure was authorized by senior management personnel with designated responsibilities for regulatory compliance. Company Secretary Arvind K. Chauhan and Chief Financial Officer O.P. Gupta provided their official signatures and contact details as part of the formal submission process.

This annual disclosure demonstrates Fiem Industries' commitment to maintaining transparency and regulatory compliance with SEBI requirements, even when specific provisions may not be directly applicable to the company's current corporate classification status.