Krishna Capital & Securities Limited announced that its Board of Directors has approved the sale of a vacant office property in Ahmedabad. The decision was taken during a board meeting held on February 27, 2026, from 04:00 PM to 05:00 PM, as part of the company's asset optimization strategy.

Property Details and Valuation

The property being sold is located at 604 D, Sahjanand Shopping Centre, Shahibaug Road, Shahibaug, Ahmedabad. According to the company's disclosure, this vacant office space has been approved for sale within an upper limit set by the board.

Transaction Framework

The sale transaction is structured with specific conditions and timelines to ensure regulatory compliance. The board has established clear parameters for the disposal of this immovable property.

Regulatory Compliance

The company has made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not fall under the purview of Regulation 37A of LODR Regulations, as it does not constitute an undertaking or substantially the whole of the undertaking under section 180(1)(a) of the Companies Act, 2013.

The sale is not part of any Scheme of Arrangement and is being conducted as a standalone property disposal transaction. The company emphasized that since the property was vacant and not contributing to operational activities, the sale is not expected to have any material impact on the company's operations or financial position.

Timeline and Completion

The transaction timeline provides flexibility for both parties involved in the sale process. The expected completion date has been set for on or before June 30, 2026, with provisions for mutual extension if required by the parties involved in the transaction.

Krishna Capital & Securities Limited has announced the resignation of its Chief Financial Officer, marking a significant change in the company's key management personnel.

Board Approval and Timeline

The Board of Directors approved the resignation at their meeting held on February 27, 2026, which commenced at 04:00 PM and concluded at 05:00 PM. The resignation takes effect from February 27, 2026.

Resignation Details

Mr. Agrawal submitted his resignation letter on February 23, 2026, citing personal reasons and pursuing other avenues in his professional career. He has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Regulatory Compliance Framework

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure includes all required information under the SEBI master circular no SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Response

Krishna Capital & Securities Limited has placed on record its deep appreciation for the services rendered by Mr. Vinodkumar Babulal Agrawal. The company acknowledged his contributions during his tenure as the Chief Financial Officer. The resignation was accepted with effect from February 27, 2026, as confirmed by the company's official stamp and acceptance notation.

The disclosure was signed by Managing Director Ashokkumar Agrawal (DIN 00944735) on behalf of the company, ensuring proper corporate governance protocols were followed during this key management personnel transition.