Simandhar Impex Limited appointed an existing Executive Director as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) effective June 30, 2026, to ensure continuity in governance following the resignation of its Managing Director. The Board approved the leadership transition during its meeting held on June 30, 2026. The company stated the appointment was made in addition to the director's existing office to maintain operational stability.

The resignation of Mr. Prashant Avantilal Vora from the role of Managing Director and KMP was approved by the Board, effective from the conclusion of the same meeting. The departure follows a change in control and management of the company pursuant to a Share Purchase Agreement dated January 14, 2026, executed between the existing promoters and acquirers. The resignation was submitted in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Mr. Prashant Avantilal Vora confirmed there were no material reasons for his resignation other than the specified change in control. He holds directorship in one other listed entity, Parshva Enterprises Limited, as Managing Director and is a member of the Stakeholders Relationship Committee. The company acknowledged the receipt of the resignation letter and confirmed that all necessary regulatory filings would be completed.

Resignation Details

Simandhar Impex Limited accepted the resignation of Mr Mehul Abhaykumar Shah as a Non-executive Non-Independent Director effective June 06, 2026. The resignation was approved by the Board of Directors during its meeting held on June 06, 2026. Mr Shah cited pre-occupation with other work as the primary reason for his inability to devote sufficient time to the company's affairs.

The disclosure was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr Shah has verified there are no other material reasons for his resignation beyond those stated in his letter.

Details of Resignation

The following table outlines the particulars of the director's cessation:

Mr Shah holds one other directorship at Parshva Enterprises Limited as a Non-executive Non-Independent Director in the Professional Category. He does not hold any memberships on board committees at that entity. The filing was signed by Prashant Avantil Vora, Managing Director of Simandhar Impex Limited.