Bharat Global Developers Ltd. (formerly known as Kkrrafton Developers Ltd.) shares will be in focus after the company announced the resignation of its Chief Executive Officer, Mr. Mohsin Shaikh. In a regulatory filing with the Bombay Stock Exchange, the company confirmed that Shaikh has stepped down with effect from the close of business hours on April 3, 2025.
The resignation was submitted citing personal and unavoidable circumstances. Mr. Shaikh, in his resignation letter, explicitly stated that there were no material reasons behind his decision apart from those mentioned. The company has accepted his resignation and confirmed that he has been relieved of his responsibilities.
As per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), the company has also clarified that there is no relationship between Mr. Shaikh and any other board members and that the necessary filings will be made with the Registrar of Companies.
Investors are likely to track any developments regarding leadership succession in the coming days. Shares of Bharat Global Developers may react to this key leadership change in the trading session.
