Neelkanth Rock-Minerals Limited announced a series of significant resignations following its board meeting on October 30, 2026. The company reported the resignations of its Statutory Auditors, M/s Shambhu Gupta & Co., along with key management personnel including the Chief Financial Officer, Managing Director, and several directors. These changes are attributed to a management change post-Open Offer completion and are effective from October 30, 2026.
Key Management and Auditor Resignations
Neelkanth Rock-Minerals Limited has disclosed substantial changes within its leadership and audit functions, with multiple high-profile resignations taking effect on October 30, 2026. The announcements stem from a board meeting held on the same date, where these changes were considered and approved.
Statutory Auditors Resign
The company’s Statutory Auditors, M/s Shambhu Gupta & Co. (Chartered Accountants, FRN: 007234C), have resigned from their office. The resignation is effective from the close of business hours on October 30, 2026. The auditors cited preoccupation with other professional assignments and an inability to devote requisite time as reasons for their departure. They confirmed no other material reasons necessitate disclosure.
Management Changes
The Board of Directors also accepted several resignations from key management positions. These include:
- Mr. Rameshwar Jangid, Chief Financial Officer (CFO), resigned to pursue other career opportunities.
- Mr. Noratmal Kawar, Managing Director, resigned due to a change in management post-Open Offer completion.
- Mr. Anil Sayar Chand Kawar, Director (DIN: 00464523), and Ms. Shweta Vikash Kawar, Non-Executive Director (DIN: 07119867), also resigned due to the management changes.
- Mr. Sumit Chhajer, Non-Executive Independent Director (DIN: 11279184), and Mr. Javeri Lal Nahar, Non-Executive Independent Director (DIN: 11279186), have also resigned, citing the change in management.
All these directorial and management resignations are effective from the close of business hours on October 30, 2026. The company confirmed that these individuals have no other material reasons for their resignations beyond the change in management following the Open Offer.
Financial Results Reviewed
The board also considered and approved the Unaudited Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report of the auditors. The company provided detailed disclosures as required under SEBI regulations in annexures accompanying the announcement.
Source: BSE
