Gautam Exim Limited received a formal request on August 6, 2026, from Parmeshwar Ojha to change his designation from Whole-time Director to Non-Executive Director. Ojha cited personal pre-occupations and commitments as the reason for stepping down from his executive role, stating he is unable to devote whole-time attention to day-to-day operations. This structural shift in leadership affects the company’s executive management team while retaining Ojha on the Board.

The request was submitted pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ojha confirmed there are no other material reasons for the resignation from the executive position. The company disclosed that the change is subject to the consideration and approval of the Board of Directors in an upcoming meeting. If required, shareholder approval may also be sought.

Leadership Transition Details

Ojha tendered his resignation from the position of Whole-time Director effective from the closure of business hours on August 6, 2026. He requested the Board to approve his re-designation as a Non-Executive Director and pass necessary resolutions. The company will file Form DIR-12 with the Registrar of Companies (ROC) and intimate the relevant stock exchanges after Board approval.

The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155SS dated November 11, 2024, regarding continuous disclosure requirements for material events. Rajkumar Agrawal, Managing Director of Gautam Exim Limited, signed the intimation letter to BSE Limited. The company stated it will issue necessary notices for the Board Meeting in due course and submit detailed disclosures after approval.

Gautam Exim has accepted the resignation of CS Vishad Jaiswal from his positions as Company Secretary and Compliance Officer, effective August 6, 2026. The departure is attributed to Jaiswal’s pre-occupation and other professional commitments, with no material concerns or unresolved disputes cited in the filing. This change impacts the company’s compliance oversight structure, prompting a search for a replacement in accordance with regulatory norms.

The intimation was submitted to BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates continuous disclosure of material events. Rajkumar Agrawal, Managing Director of Gautam Exim Limited, authorized the communication to the stock exchange.

Resignation Details

CS Vishad Jaiswal tendered his resignation vide letter dated August 6, 2026, stating that he would step down from the close of business hours on the same day. He confirmed that there are no material concerns, disputes, or unresolved issues impacting his decision to leave. The resignation was processed without any stated conflicts with the Board of Directors.

Regulatory Compliance and Next Steps

Gautam Exim Limited stated it will take necessary steps to fill the casual vacancy caused by Jaiswal’s resignation. The appointment of a new Company Secretary and Compliance Officer will be made in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The company will intimate the Stock Exchange(s) regarding the new appointment in due course.

Jaiswal also requested the company to file necessary forms with the Registrar of Companies, Ahmedabad, as part of the procedural closure of his tenure. The disclosure includes Annexure-A detailing the material event, confirming no relationship disclosures were required between directors and the departing officer.

What This Means for Governance

The exit of a Compliance Officer requires immediate attention to ensure uninterrupted regulatory reporting. Gautam Exim must appoint a replacement promptly to maintain adherence to SEBI’s listing obligations. The absence of any stated disputes suggests an amicable transition, minimizing potential governance risks during the interim period.