Seya Industries CS Manisha Solanki resigns citing personal reasons

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Manisha Solanki resigned as Company Secretary and Compliance Officer of Seya Industries Ltd on October 1, 2026.
  • The resignation was filed with BSE and NSE under Regulation 30 of SEBI LODR Regulations.
  • Solanki cited personal reasons for leaving her position as Key Managerial Personnel.
  • The company is currently under the Corporate Insolvency Resolution Process (CIRP).
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Seya Industries Ltd reported the resignation of Manisha Solanki as Company Secretary and Compliance Officer on October 1, 2026. Solanki cited personal reasons for stepping down from her role as Key Managerial Personnel (KMP).

The resignation was communicated to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that her cessation is effective immediately from the closing of business hours on October 1, 2026.

Resignation Details

Solanki’s resignation letter, addressed to the Interim Resolution Professional, states that she holds no physical secretarial records or corporate assets in her personal possession. She requested the company to record her cessation and make all requisite filings with the Registrar of Companies, stock exchanges, and Securities and Exchange Board of India.

The company is currently undergoing Corporate Insolvency Resolution Process (CIRP), with Bhavesh Mansukhbhai Rathod serving as the Interim Resolution Professional. The Board of Directors is noted as suspended in the correspondence.

Particulars Details
Name Manisha Solanki
Designation Company Secretary & Compliance Officer (KMP)
Reason for change Personal reasons
Date of cessation October 1, 2026
Membership No. A31655

Regulatory Compliance

The intimation includes a copy of the resignation letter as required under Para A(7C) of Part A of Schedule III of the SEBI LODR Regulations. The disclosure notes that details regarding relationships between directors are not applicable. The company has acknowledged receipt of the resignation and initiated necessary statutory disclosures.

Historical Stock Returns for Seya Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.93%-5.11%+6.03%+28.43%-17.92%-75.46%

How will the immediate vacancy of the Company Secretary role impact Seya Industries' compliance obligations during the ongoing Corporate Insolvency Resolution Process?

What are the potential implications for the timeline of the CIRP if the Interim Resolution Professional faces delays in appointing a new Key Managerial Personnel?

Could the resignation of the Compliance Officer signal deeper governance instability that might affect creditor confidence in the resolution plan?

Seya Industries files FY26 annual report and AGM notice under CIRP

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Seya Industries filed its 36th Annual Report and AGM notice for FY26 with BSE and NSE
  • The company remains under Corporate Insolvency Resolution Process initiated by NCLT Mumbai
  • Interim Resolution Professional Bhavesh Rathod manages the company's affairs
  • Filing complies with SEBI LODR Regulation 34(1)
  • NCLT order dated November 2, 2023, governs the current insolvency proceedings
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Seya Industries has submitted its 36th Annual Report and notice for the corresponding Annual General Meeting to the Bombay Stock Exchange and National Stock Exchange. The disclosure covers the financial year ended March 2026.

The filing was made pursuant to Regulation 34(1) of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The company continues to operate under a Corporate Insolvency Resolution Process (CIRP).

Insolvency Proceedings

The National Company Law Tribunal, Mumbai Bench, initiated the CIRP against the company vide order dated November 2, 2023, in case CP (IB) 446 MB 2023. Mr. Bhavesh Rathod serves as the Interim Resolution Professional (IRP) appointed under the Insolvency and Bankruptcy Code, 2016.

Mr. Rathod holds IP Registration No. IBBI/IPA-001/IP-P01200/2018-2019/11910. He is responsible for managing the affairs of the company during the resolution process.

Regulatory Filings

The submission includes the complete annual report for FY26 along with the AGM notice. The documents were addressed to the Corporate Relationship Department at BSE Limited and Listing Compliances at NSE India.

Historical Stock Returns for Seya Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.93%-5.11%+6.03%+28.43%-17.92%-75.46%

What is the current status of the resolution plan submissions to the Committee of Creditors, and when is the next key hearing scheduled at the NCLT?

How might the company's ongoing CIRP status impact its ability to raise fresh capital or secure new operational contracts during FY26?

Are there any specific asset divestment strategies or restructuring measures outlined in the annual report that could influence shareholder value recovery?

More News on Seya Industries

1 Year Returns:-17.92%