Sinnar Bidi Udyog Limited has accepted the resignation of Kalpit Milind Mehta from the office of Independent Director, effective August 10, 2026. The departure, driven by Mehta’s pre-occupation, alters the composition of the company’s key board committees, as he simultaneously ceases to serve as the chairman of the Nomination and Remuneration Committee and as a member of the Audit Committee.

The intimation was submitted to the Bombay Stock Exchange (BSE) under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring compliance with disclosure norms regarding changes in directorship.

Mehta, holding DIN 09707992, stated in his resignation letter that he would be unable to devote adequate time to discharge his duties toward the company. He confirmed that there are no other material reasons for his resignation beyond this pre-occupation.

Board Committee Adjustments

Consequent to his resignation, Mehta exits all board committee roles within Sinnar Bidi Udyog Limited. His previous responsibilities included:

The company disclosed that Mehta holds no other directorships in listed entities apart from Sinnar Bidi Udyog Limited. The resignation was communicated by Ashwini Atish Raut, Company Secretary & Compliance Officer, who requested the exchange to take the matter on record.

Sinnar Bidi Udyog Limited has appointed Ashwini Raut as its Whole-time Company Secretary and Compliance Officer, filling a key managerial vacancy that persisted for over four months. The Board of Directors approved the appointment on June 16, 2026, ending a period of non-compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, which mandate such vacancies be filled within three months of occurrence.

The position became vacant on February 15, 2026, following the resignation of Pratiksha Shah, effective February 14, 2026. Under Regulation 6(1) of the SEBI (LODR) Regulations, 2015, Sinnar Bidi Udyog was required to fill the role by May 14, 2026. The company disclosed to BSE Limited on July 31, 2026, that it failed to meet this deadline due to challenges in finalizing a suitable candidate, despite active recruitment efforts across multiple channels.

Recruitment Challenges and Delays

The company attributed the delay to a combination of market constraints and candidate-related factors. According to an internal note from the HR Department, the recruitment process spanned six months, involving the screening of 164 profiles sourced from LinkedIn, Naukri, Indeed, professional references, the Company Secretary Institute, and the company website.

A significant number of applicants did not meet the requisite qualifications or experience levels. Furthermore, the company faced repeated setbacks during the final stages of hiring. Two candidates who accepted offers subsequently declined them on their scheduled joining dates — once in April 2026 and again in May 2026. These withdrawals forced the company to restart the selection process, contributing directly to the missed regulatory deadline.

Hiring Process Data

The detailed breakdown of the recruitment efforts highlights the low conversion rate from screening to appointment:

Key observations from the hiring process indicated that fresh graduates without experience often held high salary expectations, while experienced candidates frequently lacked essential competencies such as communication and drafting skills. Additionally, several candidates withdrew at the last minute due to counteroffers or other opportunities.

Compliance and Regulatory Context

Sinnar Bidi Udyog stated that the delay was inadvertent and not intentional. The Board of Directors and the Nomination and Remuneration Committee treated the matter with priority, leading to the eventual appointment of Ashwini Raut, who holds Membership No. A79853. The requisite intimation regarding the appointment was submitted to BSE Limited vide acknowledgment No. 13315801.

The disclosure underscores the ongoing compliance burden for listed entities under Regulation 6(1) and Regulation 6(1A) of the SEBI (LODR) Regulations, 2015, as well as the Companies Act, 2013. While the vacancy is now filled, the extended period without a designated Compliance Officer may raise questions regarding the continuity of regulatory oversight during the interim period.