Prince Pipes and Fittings Limited has announced the resignation of Mr. Shailesh Bhaskar, the Company Secretary and Compliance Officer, effective from the close of business hours on February 24, 2026. The resignation is attributed to personal reasons and the pursuit of better prospects. Mr. Bhaskar will also cease to act as the Nodal Officer concerning IEPF Authority coordination. The company has accepted the resignation and relieved him of his duties on the specified date.
Resignation of Key Managerial Personnel
Prince Pipes and Fittings Limited has officially notified exchanges regarding the change in its key managerial personnel. Mr. Shailesh Bhaskar, serving as the Company Secretary and Compliance Officer, has submitted his resignation. The effective date for the cessation of his duties is the close of business hours on February 24, 2026.
Reason and Relief from Duties
The official documentation confirms that Mr. Bhaskar’s decision stems from personal reasons and a desire to pursue better career prospects. The Board of Directors has acknowledged the submission and formally relieved him of all responsibilities as of February 24, 2026. The resignation letter, attached as Annexure B, detailed these points.
Cessation of Additional Roles
Consequent to his resignation from the KMP position, Mr. Bhaskar will also step down as the Nodal Officer. This role involved coordination with the Investor Education and Protection Fund (IEPF) Authority regarding verification of claims and disclosure compliance under the Listing Regulations.
Regulatory Disclosure Details
In compliance with disclosure requirements, the details provided confirm there were no other material reasons for his departure besides those mentioned. Furthermore, Mr. Bhaskar does not hold any shareholding in the Company. The required disclosures regarding the terms of appointment were listed as Not Applicable, as is typical for a cessation announcement.
Acknowledgement and Transition
The resignation notice from Mr. Bhaskar was dated February 23, 2026, expressing thanks to the Board and Management for their support. The company acknowledgement stamp indicates acceptance effective February 24, 2026. The information, including Annexures A and B, is being made available on the Company website, www.princepipes.com.
Source: BSE
