Shares of SRM Contractors witnessed sharp selling pressure on Tuesday after the company informed stock exchanges about a key management exit. The stock declined over 3% in intraday trade following the resignation of Mr. Rupesh Kumar from his role as Chief Executive Officer.
In a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SRM Contractors stated that Mr. Rupesh Kumar has tendered his resignation due to personal reasons. The resignation letter is dated December 22, 2025, and he will be relieved from his duties with effect from the close of business hours on the same day.
The company clarified that the change pertains solely to resignation and not to any appointment, removal, or other reason. As per the disclosure, details such as a brief profile or relationship with directors are not applicable in this case.
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