Key Details of Resignation
Mr. Chandresh M Unagar (DIN: 10482172), a Non-Executive Independent Director of the company, tendered his resignation via letter dated 28th October 2026.
His resignation will be effective from 2nd November 2026.
The stated reason for resignation is "professional reasons" as per his resignation letter.
Additional Confirmation
The company has received confirmation from Mr. Chandresh M Unagar that there are no other material reasons for his resignation beyond those stated in his resignation letter (Annexure B).
Resignation Letter Contents (Annexure B)
Mr. Unagar's resignation letter dated 28th October 2026:
- Confirms resignation effective 2nd November 2026
- Cites professional reasons for resignation
- Expresses gratitude to the Board and management
- Requests acceptance of resignation and necessary statutory filings with the Registrar of Companies
Financial Impact
No financial impact quantified in the disclosure.
Governance Impact
The resignation reduces the number of Independent Directors on the board. The company will need to appoint a replacement to maintain compliance with SEBI listing regulations regarding board composition.