Why did Narendra D. Shah resign?

He cited personal reasons. The filing gives no further detail, and the analyst rationale notes no indication of disputes or governance concerns.

When does the resignation take effect?

After working hours on July 1, 2026, leaving more than a year for transition.

Who will replace him?

The board has begun the process of identifying a successor and expects to finalise the appointment within the regulatory timeline, but no candidate has been named yet.

Does this affect the company's compliance or filings?

The analyst rationale states the resignation appears routine and amicable, and the board confirms all compliance timelines will be met.

Engineering - Construction · Micro cap

Conart Engineers CS resigns; replacement process begins

Narendra D. Shah steps down effective July 1, 2026 for personal reasons. The board says it will appoint a successor within regulatory timelines.

— 2 earlier stories on Conart Engineers Ltd. →

CONART By Tipsheet Editorial 2 Jul 2026 · 5:17 PM IST Verify on BSE · NSE

Mkt cap₹59.03 cr

P/E15.84×

ROE9.64%

Debt / eq.0.00

July 1, 2026 Resignation effective date

What's new

Company Secretary and Compliance Officer Narendra D. Shah resigns for personal reasons.
Resignation effective after working hours on July 1, 2026.
Board has started shortlisting a successor.

Why this matters

For a ₹59 cr market-cap firm, any KMP departure draws attention, but this one is routine, amicable, and effective over a year away. No disruption to operations or compliance is expected.

What we're watching

Whether the successor is named before the effective date.
Any further board-level changes in the interim.

The full read

Conart Engineers' Company Secretary, Narendra D. Shah, is leaving after working hours on July 1, 2026, citing personal reasons. The board has already started looking for a replacement and says it will meet regulatory deadlines. For a ₹59 cr nano-cap, any KMP departure gets a second glance, but this one is amicable and far in the future — not a crisis. Routine, not disruptive.

Questions answered

Why did Narendra D. Shah resign?: He cited personal reasons. The filing gives no further detail, and the analyst rationale notes no indication of disputes or governance concerns.
When does the resignation take effect?: After working hours on July 1, 2026, leaving more than a year for transition.
Who will replace him?: The board has begun the process of identifying a successor and expects to finalise the appointment within the regulatory timeline, but no candidate has been named yet.
Does this affect the company's compliance or filings?: The analyst rationale states the resignation appears routine and amicable, and the board confirms all compliance timelines will be met.

Mentioned: Narendra D. Shah · July 1, 2026

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Conart Engineers Ltd.

Infrastructure

₹58 cr

P/E 15.69×

Latest quarter · Mar 2026

Sales₹16 cr

Net profit₹1 cr

Op. margin+6.2%

EPS₹1.76

Strength & growth

Debt / equity0.00×

Current ratio3.35×

Sales CAGR+11.6%

EPS CAGR+12.1%

Story so far

All notes on CONART →

2 Jul 2026 · 5:17 PM IST Conart Engineers CS resigns; replacement process begins
37d ago Conart's profit grew 39% for FY26. Then Q4 revenue fell 29%.
40d ago Conart Engineers lands a ₹15.41 cr civil contract in Vadodara