Yash Chemex Limited has announced the resignation of Ms. Pragati Jain from her position as Whole Time Company Secretary and Compliance Officer. The resignation takes effect from the close of business hours on January 22, 2026, as the company pursues regulatory compliance under SEBI listing obligations.

Resignation Details and Regulatory Compliance

The company has filed the requisite disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with BSE Limited. Ms. Jain submitted her resignation to pursue alternate career opportunities and confirmed that there are no other material reasons for her departure beyond those stated in her resignation letter.

Board Acceptance and Procedural Requirements

Yash Chemex Limited has accepted Ms. Jain's resignation, and a formal note will be presented to the Board of Directors during the next Board Meeting. The company has fulfilled its disclosure obligations by providing detailed information as required under SEBI regulations, including the submission of the original resignation letter as supporting documentation.

Impact on Key Managerial Personnel Status

With effect from the close of business hours on January 22, 2026, Ms. Pragati Jain will cease to hold the position of Key Managerial Personnel under the provisions of Section 203 of the Companies Act, 2013. She will also no longer serve in the capacity defined under Regulation 30(5) of the SEBI LODR Regulations for determining materiality of events or transactions requiring stock exchange disclosures.

Company Background and Operations

Yash Chemex Limited operates as an importer and exporter of dyes, intermediates, and chemicals. The company, formerly known as Yash Chemex Pvt. Ltd., maintains its registered office in Ahmedabad, Gujarat, and trades on BSE Limited under the scrip code 539939 with the symbol YASHCHEM. The resignation represents a standard corporate governance procedure as the company continues its business operations in the chemical trading sector.

Yash Chemex Limited has received a penalty of ₹2,00,000 from the Securities and Exchange Board of India (SEBI) for violations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations 2015. The penalty was imposed through SEBI Order Ref No: Order/SM/BK/2025-26/31966 for delayed disclosure violations related to subsidiary company acquisitions.

Background of SEBI Proceedings

The regulatory action began with a show cause notice dated July 8, 2025, which the company received on July 9, 2025, through email from the General Manager & Adjudicating Officer, Enquiries and Adjudication Department-3, SEBI Mumbai. The notice addressed violations of Regulation 30(2) read with 30(6) and Clause 1 of Para A of Schedule III to SEBI LODR Regulations 2015.

Nature of Violations

The violations pertained to delayed disclosures regarding acquisitions made by the company in its subsidiary, Yasons Chemex Care Limited, an unlisted entity. These transactions occurred during the period from October 2017 to December 2022, but were not disclosed within the prescribed timeframe under SEBI regulations.

Company Response and Proceedings

Following the show cause notice, Yash Chemex engaged actively with SEBI's proceedings. The company made its initial submission on November 28, 2025, addressing the allegations raised in the notice. Managing Director Pritesh Y. Shah personally attended the hearing conducted through video conferencing on December 18, 2025, demonstrating the company's commitment to addressing the regulatory concerns.

The company further strengthened its position by submitting additional written representations on December 23, 2025, providing comprehensive responses to SEBI's queries and concerns regarding the delayed disclosures.

SEBI Order and Penalty

After considering the company's submissions and the hearing proceedings, SEBI imposed the penalty under Section 15A(b) of the SEBI Act, 1992. The regulatory authority determined that the violations warranted a monetary penalty of ₹2,00,000.

Disclosure Delay and Administrative Issues

The company's revised disclosure, submitted on January 20, 2026, explained the delay in reporting the SEBI order. The secretarial department official was unavailable from January 14 to January 18, 2026, with no access to the official email account. The official became aware of the adjudication order only on January 19, 2026, and the disclosure was made promptly on the same day.

The company has committed to comply with all directions given in the SEBI order and has provided comprehensive details as required under Regulation 30 of the SEBI LODR Regulations 2015, in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.