Board authorises KMPs for materiality and exchange disclosures; Company Secretary changes
The board approved an authorisation for the Managing Director, CFO and Company Secretary to determine materiality of events, transactions or information and make disclosures to stock exchanges.
By ScoutQuest · · 2 min read
- Company Secretary cessation
- Shilpa Tiwari ceased as Company Secretary & Compliance Officer from close of business on October 17, 2026
- New Company Secretary appointed
- Ankit Singla appointed as Company Secretary and Compliance Officer with effect from October 21, 2026
- Board meeting date
- October 19, 2026
What the update says
- The board met on October 19, 2026 and approved an authorisation for Key Managerial Persons to determine materiality of any event, transaction or information and to make disclosures to stock exchanges.
- The authorised persons are Nitin Bhandari (Managing Director), Deepak Sharma (Chief Financial Officer) and Ankit Singla (Company Secretary and Compliance Officer).
- The board took on record the cessation of Shilpa Tiwari as Company Secretary and Compliance Officer (Key Managerial Personnel) with effect from close of business hours of October 17, 2026. Her resignation letter cites personal reasons and says there are no other material reasons. She also steps down as Key Managerial Personnel, Nodal Officer and Secretary to all Board Committees.
- Ankit Singla was appointed as Company Secretary and Compliance Officer (Key Managerial Personnel) with effect from October 21, 2026. The update describes him as an Associate Member of the Institute of Company Secretaries of India with experience in SEBI, Companies Act, 2013, FEMA, RBI and IBBI matters.
What it means
The authorisation is an internal process step: it names who can decide whether an event is material and who will file disclosures with the exchanges. For readers, it shows the company has designated a set of officials for this compliance task. The Company Secretary change is a key managerial personnel change. The outgoing officer's resignation is attributed to personal reasons, and the company has announced a replacement. The effective dates are close of business on October 17, 2026 for the cessation and October 21, 2026 for the new appointment.
What to note
- The exchange headline focuses on the KMP authorisation, while the update also covers the Company Secretary change.
- The update gives the new appointee's professional background and states there are no director relationships to disclose for the appointment.
Also from Bhandari Hosiery Exports
Company Secretary change: Shilpa Tiwari resigns, Ankit Singla appointed
19 Oct 2026
Company Secretary change: Ankit Singla appointed from October 21, 2026 as Shilpa Tiwari resigns
19 Oct 2026
Company Secretary and Compliance Officer changes; Ankit Singla replaces Shilpa Tiwari
19 Oct 2026
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