Netlink Solutions (India) has informed that Ganesh Parker, Key Person driving the Fairact division/unit of Netlink Solutions (India) ('the Company'), which was acquired in 2021 and which was engaged in backward integration of exhibition business, has resigned with immediate effect today. In view of resignation of Ganesh Parker, the Fairact division/unit will no longer be in operations, which will adversely impact the financials of the Company. It may be noted that all the intellectual property rights acquired pursuant to the Fairact agreements in 2021 continue to be under the ownership of the Company without any likely impact. The Company is exploring all appropriate legal remedies for breach of contract by Parker.
The above information is a part of company’s filings submitted to BSE.
