IGI accepts Hardik Desai's resignation as Company Secretary
International Gemological Institute accepted the resignation of Hardik Desai as Company Secretary and Compliance Officer effective June 30, 2026. The resignation, submitted to pursue better career opportunities, was intimated to exchanges under Regulation 30 of the SEBI Listing Regulations. Desai confirmed no other material reasons for his departure, and the resignation covers all statutory roles held under the Companies Act, 2013.
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International Gemological Institute accepted the resignation of Hardik Desai as Company Secretary and Compliance Officer, effective from the close of business hours on June 30, 2026. The resignation was submitted to pursue better career opportunities outside the organization. This development impacts the company's key managerial personnel structure responsible for regulatory compliance and governance.
The resignation was intimated to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Desai confirmed that there are no other material reasons for his departure beyond the stated intent to seek external growth. The company disclosed that the information is available on its website.
The following table outlines the details of the change in key managerial personnel:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name | Mr. Hardik Desai |
| 2. | Reason for change | Resignation. To pursue better career opportunities outside the Organisation. |
| 3. | Date of cessation | June 30, 2026 |
| 4. | Brief profile | Not applicable |
| 5. | Disclosure of relationships | Not applicable |
The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Desai’s resignation extends to all other statutory and designated roles held within the company under the Companies Act, 2013 and applicable SEBI regulations.
Historical Stock Returns for International Gemological Institute
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.72% | +0.36% | +12.23% | +13.85% | -4.52% | -22.19% |
Who will be appointed as the successor to ensure continuity in compliance and governance?
How will the transition process be managed to minimize disruption in regulatory filings?
Could this leadership change signal broader strategic shifts within the company?
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