Saptak Chem Board Approves Office Shift, MD Resigns
Saptak Chem & Business Limited announced two major corporate decisions on December 29, 2025, including the shifting of its registered office within Ahmedabad and the acceptance of Managing Director Manthan Bhavsar's resignation due to pre-occupation. The company has complied with all SEBI regulations and disclosure requirements, with Mr. Rohitkumar Parikh continuing as Managing Director.
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Saptak Chem & Business Limited announced key corporate decisions following its board meeting held on December 29, 2025. The meeting, which commenced at 1:00 PM and concluded at 6:10 PM, addressed two significant matters concerning the company's operations and leadership structure.
Board Decisions and Approvals
The board of directors approved two major resolutions during the meeting. The decisions were made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Decision | Details |
|---|---|
| Office Relocation | From 201 Rangoli Apartment, Opp. Isanpur Police Choky, Manorama Park, Isanpur, Ahmedabad-382443 |
| New Address | C-608, Shyam Parisar, Nr. Dhwani Heights, B/h. Municipal School, Isanpur, Ahmedabad-382443 |
| Leadership Change | Acceptance of Managing Director's resignation |
| Effective Date | December 29, 2025 |
Managing Director's Resignation
Mr. Manthan Bhavsar (DIN: 05208214) submitted his resignation from both the positions of Managing Director and Director of the company. The resignation became effective from the closure of business hours on December 29, 2025.
| Parameter | Details |
|---|---|
| Resigning Official | Mr. Manthan Bhavsar |
| Director Identification Number | 05208214 |
| Positions Held | Managing Director and Director |
| Reason for Resignation | Pre-occupation |
| Shareholding in Company | Nil |
| Effective Date | December 29, 2025 |
Mr. Bhavsar confirmed in his resignation letter that there are no material reasons for his departure other than pre-occupation. He expressed gratitude to the board members, management committee members, and colleagues with whom he worked during his tenure with the company.
Regulatory Compliance
The company has fulfilled its disclosure obligations under various regulatory frameworks. The announcements were made in compliance with SEBI Letter dated June 14, 2018, and BSE Circular LIST/COMP/14/2018-19 dated June 20, 2018. Additionally, detailed information was provided as required under SEBI Circular dated July 13, 2023, for director resignations.
| Compliance Framework | Reference |
|---|---|
| Primary Regulation | SEBI (LODR) Regulations, 2015 - Regulation 30 |
| SEBI Letter | June 14, 2018 |
| BSE Circular | LIST/COMP/14/2018-19 dated June 20, 2018 |
| Director Resignation | SEBI Circular dated July 13, 2023 |
Current Leadership
Following these changes, Mr. Rohitkumar Parikh (DIN: 07394964) continues to serve as Managing Director of the company. The company's registered office has been officially relocated to the new address in Isanpur, Ahmedabad, maintaining its presence in the same locality.
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