In a recent development, Octaware Technologies Limited has announced the resignation of Ms. Alka Katariya from her role as Company Secretary. The resignation is effective from March 31, 2025, and is attributed to personal reasons. This marks the end of Ms. Katariya's tenure as the Company's Secretary, a position she held with dedication and commitment.

Details of the Resignation

Ms. Katariya, a member of the Institute of Company Secretaries of India (ICSI) with Membership Number A66300, submitted her resignation letter to the company and officially communicated the decision. In her letter, she expressed gratitude towards the Managing Director, the Whole-time Directors, the Board of Directors, and other team members for their support throughout her tenure. She has asked the company to take the necessary steps to formalize her resignation with the Registrar of Companies, Stock Exchanges, and any other required regulatory bodies.

As per her request, Octaware Technologies has committed to filing the relevant forms and documents with the Registrar of Companies (RoC), BSE SME Platform, and other required authorities to ensure that the resignation is properly recorded and the necessary updates are made.

Impact on the Company

Ms. Katariya’s resignation does not seem to have any immediate financial or operational impact on the company, as it is mainly a procedural change. However, the company will need to appoint a new Company Secretary in compliance with the regulatory requirements to ensure continuous corporate governance practices.

Octaware Technologies Limited is likely to initiate a search for a qualified replacement to fill the position and continue ensuring compliance with regulatory requirements.

Company's Next Steps

Following the resignation, the company will ensure all the necessary filings are done in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations and other applicable laws. The company may also address this change during its upcoming Board of Directors meeting, where the appointment of a new Company Secretary will likely be discussed and formalized.

In her resignation letter, Ms. Katariya mentioned her appreciation for the time spent at Octaware Technologies and expressed her gratitude to the entire team. The company, in turn, has acknowledged her contribution and the role she played during her tenure.

Conclusion

The resignation of Ms. Alka Katariya marks a key transition in the corporate governance structure at Octaware Technologies Limited. The company is now tasked with ensuring compliance by appointing a new Company Secretary in accordance with the regulations. As the company moves forward, it will focus on ensuring seamless transitions to maintain its strong corporate governance practices and compliance with all regulatory frameworks.

This resignation comes as part of the regular changes within the corporate world, where leadership transitions occur due to personal or professional reasons.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in .Choice Broking FinX

Read more