Shiv Texchem Limited , a Mumbai-based company, has announced the resignation of its Company Secretary and Compliance Officer, Ms. Dinky Jain. The company disclosed this information in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Details of the Resignation

Ms. Jain submitted her resignation letter on October 14, 2025, expressing her intention to explore new career opportunities beyond Shiv Texchem Limited. The company's board has acknowledged her decision and will relieve her from her duties at the close of business hours on the same date.

Company's Response

The resignation was formally communicated to the BSE Limited (formerly known as Bombay Stock Exchange) where Shiv Texchem Limited's shares are listed. Mr. Vikas Pavankumar, the Managing Director of Shiv Texchem Limited, signed the official intimation to the stock exchange.

Additional Company Information

Shiv Texchem Limited, with its registered office at 216, 2nd Floor, Kamla Space, Khira Nagar, S. V. Road, Santacruz (W), Mumbai - 400 054, operates under the Corporate Identification Number (CIN) L24110MH2005PLC152341. The company maintains its corporate office at 602/NB/C, 17D Savoy Chamber, Opp. TPS Il V.P. Road, Dattatraya Road, Santacruz(W), Mumbai - 400054.

Recent Clarification on OFAC Sanctions List

On October 13, 2025, just a day before Ms. Jain's resignation, Shiv Texchem Limited issued a clarification regarding its inclusion in the Office of Foreign Assets Control (OFAC) sanctions list. The company stated that it believes its inclusion in the list, published on October 9, 2025, under an Iran-related sanctions program, is erroneous or a case of mistaken identity. Shiv Texchem Limited has emphasized that it has no business, financial, or commercial dealings with Iran or any sanctioned jurisdictions, entities, or persons.

The company is taking steps to address this issue by appointing a U.S.-based attorney to engage with OFAC and pursue delisting under the prescribed procedures. Despite this development, Shiv Texchem Limited has assured stakeholders that its business operations continue as usual across all product lines, with suppliers, customers, and banking partners remaining fully supportive.

As the company navigates these changes, including the resignation of its Company Secretary and the OFAC list issue, investors and stakeholders will likely be watching closely for any further developments or announcements from Shiv Texchem Limited.

Shiv Texchem Limited , a Mumbai-based chemicals company, has provided a significant update on its efforts to address its inclusion on the U.S. Treasury sanctions list. The company has now appointed US-based legal counsel and formally commenced engagement with the Office of Foreign Assets Control (OFAC) to seek removal from the sanctions list.

Latest Developments

In a disclosure dated January 07, 2026, Shiv Texchem announced several key developments in its ongoing efforts to resolve the sanctions matter:

Company's Position and Operations

Shiv Texchem has reiterated its stance regarding the sanctions matter, emphasizing that it maintains no prohibited business relationships. The company's operational status remains stable despite the ongoing regulatory challenges.

Background and Timeline

The current update follows the company's initial disclosure on October 13, 2025, when Shiv Texchem first addressed its reported inclusion on the U.S. Treasury sanctions list. At that time, the company stated it had not been directly contacted by the U.S. Department of Treasury regarding the matter.

Financial and Operational Impact

The company has adapted its financial operations to manage the temporary challenges posed by the sanctions listing. Shiv Texchem continues to operate through alternative banking channels while maintaining its commitment to regulatory compliance.

The temporary shift away from U.S. dollar-denominated credit lines continues to be managed through INR credit facilities and domestic banking channels, ensuring smooth trade flows and working-capital stability. This approach has allowed the company to maintain operational continuity while addressing the regulatory matter.

Management Commitment

Managing Director Vikas Pavankumar has assured stakeholders of the company's commitment to transparency and regulatory compliance. The company has pledged to provide periodic updates as material developments arise in the OFAC engagement process.

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to Indian regulatory requirements while addressing international compliance matters.