Meyer Apparel Limited, a prominent player in the apparel industry, has announced a significant change in its leadership team. Ms. Charu Sharma, who served as the Company Secretary & Compliance Officer, has resigned from her position, marking the end of her tenure with the company.

Resignation Details

According to the company's filing with the BSE Limited, Ms. Sharma submitted her resignation letter on August 7, 2025. The resignation will take effect at the close of business hours on September 5, 2025, after which she will be relieved of her duties.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Meyer Apparel Limited promptly informed the stock exchange about this development. The company has also provided the necessary details as required by the SEBI regulations.

Management's Response

Mr. Gajender Sharma, Whole-Time Director & CFO of Meyer Apparel Limited, signed the official communication to the BSE, ensuring compliance with listing regulations. The company has assured that all necessary actions will be taken in accordance with these regulations.

Departing Officer's Statement

In her resignation letter, Ms. Charu Sharma expressed her gratitude for the opportunity to work with the team at Meyer Apparel Limited. She specifically requested the company to file the necessary forms with regulatory authorities, including the Registrar of Companies and the Ministry of Corporate Affairs, to formalize her departure.

Looking Ahead

While the company has not yet announced a successor for the position of Company Secretary & Compliance Officer, this change in the key managerial personnel is likely to be closely watched by stakeholders. Meyer Apparel Limited will be focusing on ensuring a smooth transition in this crucial role.

The resignation of a Company Secretary & Compliance Officer is a significant event for any listed company, as this role is vital in maintaining regulatory compliance and corporate governance standards. Stakeholders and investors of Meyer Apparel Limited will be keen to see how the company manages this transition and fills this important position in the coming days.

Meyer Apparel Limited , a company specializing in wholesaling and retailing of men's suits and trousers, has announced the resignation of its Company Secretary and Compliance Officer, Charu Sharma. The news comes as the company grapples with financial difficulties, as revealed in its latest quarterly results.

Resignation Details

Charu Sharma, who also held the position of Compliance Officer under SEBI (LODR) Regulations, 2015, submitted her resignation letter on August 7, 2025. Her last day at the company will be September 5, 2025, or an earlier date as determined by the management. In her resignation letter, Sharma expressed gratitude for the opportunity to work with the team and requested the company to file necessary forms with regulatory authorities and inform the stock exchange regarding her departure.

Financial Challenges

The announcement of Sharma's resignation coincides with the release of Meyer Apparel's unaudited financial results for the quarter ended June 30, 2025. The results paint a concerning picture of the company's financial health:

• Net loss of Rs. 18.72 lakhs for the quarter
• Accumulated losses of Rs. 6,236.79 lakhs as of June 30, 2025
• Negative net worth of Rs. 3,297.12 lakhs
• Current liabilities exceeding current assets by Rs. 3,294.92 lakhs

These figures raise doubts about the company's ability to continue as a going concern. However, the management remains confident in generating cash flows from business operations to fund its operating and capital requirements.

Quarterly Performance

The financial results for the quarter ended June 30, 2025, show:

The company's revenue from operations has significantly decreased compared to the same quarter in the previous year, while expenses have also reduced but not proportionately.

Management's Response

Despite the financial challenges, Meyer Apparel's management has prepared the financial statements on a going concern basis. They are exploring options to improve the company's financial position and continue operations.

The Board of Directors, in their meeting held on August 7, 2025, approved the unaudited financial results and acknowledged Charu Sharma's resignation. The company will now need to find a suitable replacement to fill the crucial roles of Company Secretary and Compliance Officer.

As Meyer Apparel navigates through these challenging times, stakeholders will be closely watching how the company addresses its financial issues and manages the transition in its key management personnel.