Kridhan Infra Limited , a company listed on both the BSE and NSE, has announced a significant change in its key managerial personnel. The company's Company Secretary and Compliance Officer, Mr. Prasanta Kumar Mohanty, has tendered his resignation, effective from the close of business hours on October 29, 2025.

Resignation Details

Mr. Mohanty cited personal reasons and health issues as the primary factors behind his decision to step down. Specifically, he mentioned that his health condition restricts his ability to travel to the office, making it challenging to fulfill his responsibilities effectively.

Company's Response

Kridhan Infra Limited has accepted Mr. Mohanty's resignation and acknowledged his valuable contributions during his tenure with the company. The company has also taken steps to ensure compliance with regulatory requirements by informing both the BSE and NSE about this change in key managerial personnel, as mandated by SEBI regulations.

Key Information

Regulatory Compliance

In accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kridhan Infra Limited has duly informed the stock exchanges about this development. The company has also provided additional details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Impact and Next Steps

Kridhan Infra Limited has not provided any information regarding a successor or interim arrangement for the position of Company Secretary and Compliance Officer. The role of a Company Secretary and Compliance Officer is crucial in ensuring that a company adheres to various statutory and regulatory requirements, particularly for listed entities like Kridhan Infra Limited.

Kridhan Infra Limited , a company facing significant financial hurdles, has released its unaudited standalone and consolidated financial results for the quarter ended December 31, 2023. The report highlights the company's financial challenges and raises questions about its future operations.

Financial Challenges

The company is grappling with several critical issues:

• Accumulated losses
• Fully eroded net worth
• Defaults in working capital borrowing repayments
• Bank borrowings under NPA (Non-Performing Asset) classification

Additionally, Kridhan Infra has not provided for further interest liability on outstanding borrowings, potentially understating its total liabilities.

Auditor's Concerns

The auditors have highlighted a material uncertainty about the company's ability to continue as a going concern. Despite this observation, the financial results were prepared on a going concern basis, suggesting that management believes the company can continue its operations in the foreseeable future.

Consolidated Results

The consolidated financial results include:

Notably, the results exclude the subsidiary Readymade Steel Singapore Pte Limited.

Board Approval

The Board of Directors of Kridhan Infra Limited approved these results at a meeting held on February 13, 2024.

The financial challenges faced by Kridhan Infra, including accumulated losses, eroded net worth, and loan defaults, present a complex situation for the company. The auditor's emphasis on material uncertainty regarding the company's ability to continue as a going concern adds another layer of complexity to the company's financial narrative. Stakeholders and potential investors may need to closely monitor the company's future steps and any potential turnaround strategies it might implement to address these significant financial hurdles.