Sidh Automobiles Limited Announces Resignation of CFO and Managing Director
Sidh Automobiles Limited announced the resignation of Chief Financial Officer Jignesh Keshav Barot and Managing Director Anil Sharma, both effective February 19, 2026. The executives cited personal and unavoidable circumstances for their departure. The resignations were formalized during a Board meeting and reported to BSE Limited in compliance with SEBI regulations. The simultaneous departure of both key executives represents a significant leadership change for the automotive company.
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Sidh Automobiles Limited has announced significant leadership changes with the resignation of two key executives on February 19, 2026. The automotive company informed BSE Limited about the departure of Chief Financial Officer Jignesh Keshav Barot and Managing Director Anil Sharma, both citing personal and unavoidable circumstances for their decision to step down.
Board Meeting and Formal Announcements
The resignations were formally acknowledged during a Board of Directors meeting held on February 19, 2026, which commenced at 04:00 P.M. and concluded at 04:30 P.M. The decisions were made based on recommendations from the company's Nomination and Remuneration Committee, ensuring proper governance protocols were followed.
| Position | Executive | DIN Number | Effective Date |
|---|---|---|---|
| Chief Financial Officer | Jignesh Keshav Barot | - | February 19, 2026 |
| Managing Director | Anil Sharma | 02928210 | February 19, 2026 |
Resignation Details and Compliance
Both executives submitted formal resignation letters on February 19, 2026, confirming their immediate departure from their respective roles. In their resignation communications, both Barot and Sharma emphasized that personal and unavoidable circumstances necessitated their decision to leave the company.
The resignations were processed in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30 read with Part A of Schedule III. The company also adhered to relevant provisions of the Companies Act, 2013, ensuring all regulatory requirements were met.
Regulatory Filings and Documentation
Sidh Automobiles Limited has submitted comprehensive documentation to BSE Limited, including:
- Detailed disclosure forms as per SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
- Complete resignation letters from both executives
- Formal annexures containing required executive details under SEBI regulations
Company Secretary cum Compliance Officer Srishty Bansal (M. No-A72768) signed the regulatory filing on behalf of the Board of Directors, ensuring proper documentation and compliance with stock exchange requirements.
Impact on Company Operations
The simultaneous departure of the CFO and Managing Director represents a significant change in the company's senior leadership structure. Both positions are critical for the automotive company's strategic direction and financial oversight. The company has requested BSE Limited to update their records to reflect these leadership changes.
Sidh Automobiles Limited, incorporated in 1985 with CIN L34102DL1985PLC020156, is headquartered in Greater Kailash-I, New Delhi. The company will need to address these key leadership vacancies to maintain operational continuity and strategic direction.
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