Karnawati Innovation Limited accepted the resignation of Ms. Sakshi Laddha from the post of Company Secretary & Compliance Officer and Key Managerial Personnel effective June 18, 2026. The resignation was approved by the Board of Directors during a meeting held on Thursday, June 18, 2026. Laddha cited personal reasons and other professional commitments for her departure.

The Board meeting commenced at 12:30 P.M. and concluded at 01:00 P.M. on June 18, 2026. The resignation is effective from the close of business hours on the same day. The company disclosed the details in a filing submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The resignation was tendered pursuant to Section 203 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Laddha confirmed there are no other material reasons for her resignation apart from those stated.

Details of the Change

The following table outlines the key details regarding the cessation of the Key Managerial Personnel:

The company has requested that the exchange take the information on record. Laddha also requested the completion of all formalities regarding her resignation, including the filing of required forms with the Ministry of Corporate Affairs.

Karnawati Innovation Limited has cancelled the board meeting scheduled for June 5, 2026, due to the statutory audit process still being under progress and the financial results not being finalized. The meeting was intended to consider and approve the audited financial statements of the company for the quarter and financial year ended March 31, 2026. The cancellation impacts the timeline for the release of the company's Q4FY26 and annual financial results.

The company had previously intimated the stock exchanges regarding the scheduling of this meeting on May 23, 2026, May 28, 2026, and May 30, 2026, under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory framework mandates that listed companies disclose financial results within a specified period after the end of a financial quarter or year.

Regulatory Compliance

The delay in finalizing the financial results stems from the completion of the statutory audit process. Karnawati Innovation stated that it will inform the stock exchanges about the revised date of the board meeting in due course, adhering to the timelines prescribed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details