Dhanlaxmi Cotex Limited , a company listed on the Indian stock market, has announced a significant change in its executive leadership. Rahul Mahesh Jhawar, who held the positions of Executive Director and Chief Financial Officer (CFO), has resigned from the company effective December 9, 2025.

Resignation Details

Impact and Implications

The departure of Mr. Jhawar from his dual roles as Executive Director and CFO may have a significant impact on Dhanlaxmi Cotex Limited's executive structure. As a key member of the company's leadership team, his exit may necessitate a reorganization of responsibilities and potentially lead to new appointments to fill these crucial positions.

Additional Information

In his resignation letter, Mr. Jhawar confirmed that there were no material reasons for his departure beyond those stated. This transparency is crucial for maintaining investor confidence and complying with regulatory requirements.

The company has duly informed the relevant authorities, including the BSE Limited, about this change in leadership, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Looking Ahead

As Dhanlaxmi Cotex Limited navigates this transition, stakeholders will be keen to observe how the company manages the change in its executive team. The board's actions in the coming days, particularly regarding the appointment of a new CFO and Executive Director, will be of interest to investors and market watchers alike.

Investors and interested parties are advised to keep an eye on further announcements from the company regarding potential replacements or restructuring of the executive team.

Dhanlaxmi Cotex Limited , a company listed on the Bombay Stock Exchange (BSE), has faced a setback in its attempt to reclassify its status from the 'Promoter/Promoter Group' category to the 'Public' category. The BSE has rejected the company's application, citing non-submission of required documents and clarifications.

Application Rejection Details

The BSE communicated its decision to Dhanlaxmi Cotex on October 26, 2025, through an email. The exchange stated that it had not received the necessary documents and clarifications from the company, despite earlier requests. As a result, the BSE closed Case ID 207771, which was associated with the reclassification application.

Next Steps for Dhanlaxmi Cotex

The BSE has advised Dhanlaxmi Cotex to take the following actions if they wish to pursue the reclassification:

1. Submit a fresh application through the BSE Listing Centre
2. Pay the applicable fees
3. Provide all required documents

Outstanding SOP Dues

The situation is further complicated by outstanding Standard Operating Procedure (SOP) dues. On October 14, 2025, the BSE had advised Dhanlaxmi Cotex to contact the BSE SOP team for clarification on these outstanding dues. The company reports that it has reached out to the SOP team via email but has not received a response.

Company's Response

In light of these developments, Dhanlaxmi Cotex has taken the following steps:

1. Requested the BSE to reactivate Case ID 207771
2. Expressed willingness to pay the SOP fines as per the exchange's communication dated September 25, 2025
3. Asked the exchange to review the case based on the facts presented through the Listing Centre

Implications for Investors

This rejection and the ongoing process may have implications for Dhanlaxmi Cotex's shareholders and potential investors:

1. Ownership Structure: The failed reclassification attempt means that the current promoter/promoter group category remains unchanged, which could affect perceptions of company control and influence.
2. Regulatory Compliance: The company's struggle with document submission and outstanding dues may raise questions about its regulatory compliance processes.
3. Market Perception: The rejection and subsequent actions could impact market perception of the company's governance and communication practices.

Investors and market participants are advised to monitor further developments in this matter, particularly any future announcements regarding the resubmission of the reclassification application or resolution of the SOP dues issue.