In a formal disclosure dated 3rd April 2025, Godha Cabcon & Insulation Limited informed the National Stock Exchange (NSE) about the resignation of Mr. Diwakar Sharma, who held the position of Managing Director (MD) and Chief Financial Officer (CFO) of the company. The resignation was filed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further aligned with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, issued on 13th July 2023.

The disclosure specifies that Mr. Sharma resigned due to preoccupation with other personal matters, thereby stepping down from both the Managing Director and CFO positions, with the resignation effective from the close of business hours on 3rd April 2025. The Board of Directors acknowledged the resignation and placed on record their sincere appreciation for Mr. Sharma's contributions during his tenure with the company.

The resignation was accompanied by Annexure I, providing complete regulatory details of the resignation, in accordance with SEBI norms. The listed company ensured compliance with transparency guidelines by including the following disclosures:

Key Details as per Regulation 30:

1. Reason for resignation: Personal preoccupation with other matters.

2. Date of cessation: 3rd April 2025.

3. Other directorships: None held in any other listed company at the time of resignation.

4. Confirmation of no material reasons: Mr. Sharma confirmed there are no other material reasons apart from those disclosed in his resignation letter.

5. Relationship disclosure and appointment clauses: Not applicable as it was a resignation and not an appointment.

Mr. Diwakar Sharma also submitted a formal resignation letter, dated 03/04/2025, addressed to the Board of Directors of Godha Cabcon & Insulation Limited, wherein he clearly mentioned his intention to resign with immediate effect and requested the Board to initiate necessary filings with the Registrar of Companies (RoC).

The letter states:

"Due to preoccupation with other matters, I hereby tender my resignation from the position of Managing Director and CFO of the Company with immediate effect. Kindly accept this letter and relieve me of my duties."

Company Overview:

Godha Cabcon & Insulation Limited is a company listed on the National Stock Exchange (NSE) under the symbol GODHA and ISIN INE925Y01036. The company primarily engages in the manufacturing of AAC (All Aluminium Conductor) and AAAC (All Aluminium Alloy Conductor) used in power distribution and transmission.

This leadership change at Godha Cabcon is seen as a significant development, particularly at a time when the company is exploring expansion and operational restructuring across various business units.

Impact and Outlook:

While the resignation is marked as non-controversial, and the reasons cited are strictly personal and professional preoccupations, investors and stakeholders may seek further clarity on the company’s next steps. The absence of any succession plan or interim leadership announcement at the time of the disclosure leaves a temporary leadership vacuum, which the company may soon address through future board meetings or appointments.

With Mr. Sharma’s exit, it becomes crucial for Godha Cabcon’s Board of Directors to ensure a smooth transition and maintain operational stability. The market reaction to this resignation will also depend on how swiftly the company names a successor and the clarity provided around corporate governance moving forward.

In today’s regulatory environment, timely and detailed disclosures like this are considered essential for maintaining transparency and investor trust. By adhering to SEBI’s disclosure norms and furnishing all relevant information in Annexure I, the company demonstrates its commitment to maintaining corporate governance standards.

Conclusion:

The resignation of Mr. Diwakar Sharma, a key managerial personnel, marks an important change in the leadership landscape of Godha Cabcon & Insulation Limited. With proper SEBI-compliant disclosures and formal communication, the company has managed to communicate the change with transparency and professionalism.

As the company prepares for its next leadership phase, all eyes will be on how the Board navigates the transition, who the next MD or CFO might be, and whether this development will have any strategic impact on business operations or growth plans.

Godha Cabcon’s future announcements related to leadership appointments or any changes in business strategy will be closely monitored by stakeholders and the investment community alike.

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