Managing Director Resigns Effective 31 October 2026
Mr. Deepak Kumar Babel (Managing Director) has resigned from the Board.
- Executive Role
- Managing Director
- Person Name
- Mr. Deepak Kumar Babel
- Effective Date
- 31 October 2026
- Reason for Resignation
- personal and unavoidable circumstances, and other professional commitments
What was shared
Arman Holdings Limited intimated BSE under Regulation 30 of SEBI LODR that its Managing Director has resigned.
Who is leaving
- Mr. Deepak Kumar Babel, Managing Director, has resigned from the Board.
- Effective from the close of business hours on 31 October 2026.
Reason given
The company's letter cites other professional commitments and personal and unavoidable circumstances. His resignation letter states personal and unavoidable circumstances. He has confirmed that there are no other material reasons for the resignation apart from those mentioned.
What happens next
The Board is currently in the process of selecting new Directors, and the company has said it will inform the stock exchanges once this is finalised. The resignation letter also requests the necessary updates with the Registrar of Companies and other regulatory authorities.
How investors may read it
The departure of a Managing Director is a senior leadership change, and such transitions are generally watched closely for continuity of management. Here the stated reasons are personal and professional, with a confirmation of no other material reasons, and a successor selection process is under way.
Also from Arman Holdings
Arman Holdings Ltd promoter sells 1.48% stake, holding falls to 17.26%
1 Oct 2026
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