Simandhar Impex Ltd Announces Resignation of Chief Financial Officer Gaurav Baid
Simandhar Impex Limited has announced the resignation of Mr. Gaurav Baid from his role as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The change is effective from the conclusion of its Board Meeting held on June 30, 2026.The company confirmed the approval of the resignation by its Board of Directors during the meeting. The Board also approved the appointment of a new CFO and KMP to ensure continuity in the management and operations of Simandhar Impex Limited.
Mr. Baid’s departure as Chief Financial Officer is attributed to the change in control and management of the Company, which occurred following the Share Purchase Agreement dated January 14, 2026, executed between the existing Promoters and the Acquirers in connection with the acquisition of the company.
Key details regarding Mr. Gaurav Baid's status at Simandhar Impex Limited are summarized below:
| Particulars | Details |
|---|---|
| Name | Mr. Gaurav Baid |
| Position | Chief Financial Officer and Key Managerial Personnel |
| Change Status | Resignation |
| Cessation Date | June 30, 2026 |
Mr. Baid submitted his resignation letter stating that there are no additional material reasons for the change other than those specifically noted regarding the transfer of control and management of the Company.
Stock Price Movement
As of 14:24, shares of Simandhar Impex Ltd are ticking down as the stock currently trades at ₹132.50 after declining by 4.98%. The equity moved within a narrow range today, finding support near its intraday low of ₹132.50 and reaching an intra-day high of ₹133.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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