There are some serious management issues going. The independent directors resigned then the CEO resigned and now the CMD Dhirendra Kumar also resigned. Seems the whole board of directors have step down. what could be the reason? Its really shocking.
Board of Camson Bio Technologies approves change in directorate Published on Wed Apr 20, 2016 at 03:25 PM Camson Bio Technologies announced that the Board of Directors of the Company at its meeting held on 19 April 2016 approved the following - Appointment of Sachin Gupta as the Additional Director and Managing Director of the Company. Appointment of Sunil Puri as Additional Director of the Company. Resignation of Dhirendra Kumar from office of Chairman, Managing Director and Director of the Company. Resignation of B C Madappa and Krishnaswamy Ramaswamy Iyer from the Office of Director of the Company. Excerpted from : https://hdfcsec.com/News/NewsDetails.aspx?NewsID=852862
We know management has issues. New MD has been appointed and so on the management churn. The point i want to be confident is that is their product any unique as described by them or their products are also hyped one...!