1. Resignation Announcement
Kotia Enterprises Ltd has officially confirmed the resignation of Managing Director Manoj Kumar Bansal, effective from the close of business hours on July 23, 2025.
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- The resignation was tendered via formal letter dated July 23
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- Bansal held the position under DIN: 00272806 and played a pivotal role in steering the company’s strategic direction
2. Regulatory Disclosure and Compliance
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- The announcement was made in accordance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements
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- The company is expected to initiate necessary filings with the Ministry of Corporate Affairs and notify relevant authorities
3. Transition and Future Outlook
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- Kotia Enterprises has not yet named a successor
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- The board is likely to convene in the coming weeks to discuss leadership restructuring
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- Market analysts anticipate minimal disruption due to the company’s diversified executive bench
Sources: Rediff MoneyWiz, BSE India, MarketScreener, Kotia Enterprises Ltd July 2025 Regulatory Filings