Board Meeting21 Mar 2026, 09:21 pm
Classic Filaments MD, Jayanti Gaudani, Resigns Following Open Offer Completion
AI Summary
Classic Filaments Ltd. announced the resignation of its Managing Director, Mr. Jayanti Gaudani, with effect from the close of business hours on March 22, 2026. The resignation comes in light of the successful completion of the open offer and the consequent change in control and management of the company. Mr. Gaudani has confirmed that his resignation is a result of the change in control and that there are no other material reasons for his departure. He also confirmed that he has no claims against the company for loss of office and will extend necessary cooperation for a smooth transition.
Key Highlights
- Jayanti Gaudani resigns as Managing Director of Classic Filaments Ltd.
- Resignation is effective from the close of business hours on March 22, 2026.
- Resignation follows the successful completion of an open offer and change in control of the company.
- Gaudani confirms no other material reasons for resignation.
- Gaudani has no claims against the company for loss of office and will cooperate for a smooth transition.