Ekennis Software Service Ltd. has announced the resignation of Ms. Tejaswi Agarwal from her position as Company Secretary and Compliance Officer. In a formal letter sent to the Bombay Stock Exchange (BSE) on November 27, 2024, the company disclosed that Ms. Agarwal will cease to be part of the Key Managerial Personnel as of the close of business on November 27, 2024.

Ms. Agarwal has resigned to explore an alternate career opportunity outside of the organization. The Board of Directors accepted her resignation on November 13, 2024, and she will serve her notice period until the effective cessation date. The company provided details of her resignation in compliance with SEBI’s Listing Obligations and Disclosure Requirements under Regulation 30.

Resignation Letter and Key Details

Ms. Agarwal’s resignation letter, dated November 12, 2024, expressed gratitude towards the board and management for their support during her tenure. She requested the Board of Directors to relieve her from her responsibilities by November 27, 2024. The company assured that the appropriate notifications will be sent to the Registrar of Companies (RoC) and BSE to implement the resignation.

In line with the SEBI regulations, the company disclosed relevant details under Regulation 30 including the reason for the change (resignation) and the effective date of cessation (November 27, 2024). As there are no new appointments or changes involving the Board of Directors or other key positions, the disclosure did not include profiles or relationships.

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Impact on the Organization and Investors

While the resignation of a Company Secretary is significant, it is a routine aspect of corporate governance when senior management changes occur. Investors and stakeholders will likely be monitoring how the company plans to fill this vacancy. The resignation follows the procedure laid out in the SEBI Circular from July 2023, ensuring full compliance with regulatory disclosure norms.

Ekennis Software Service Ltd. continues to emphasize its commitment to corporate governance and transparency, making all necessary filings and updates to the stock exchanges. As part of the ongoing management transition, the company is expected to appoint a new Company Secretary and Compliance Officer shortly.

For stakeholders following the company's progress, it is essential to stay updated with any further developments. Interested investors may also want to monitor future board changes and related updates through the SEBI filing systems and stock market platforms.

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