The Company has received confirmation from Mr. Parin Bhavsar that there are no other material reasons for his resignation beyond those provided in his resignation letter. The disclosure complies with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.
Details of Resignation (Annexure A):
- Name: Mr. Parin Bhavsar
- Designation: Non-Executive and Independent Director
- Reason for Change: Resignation due to pre-occupancy
- Date of Resignation: 12th May, 2026
- Other Directorships: Mr. Bhavsar holds directorship as Independent Director in Chandrima Mercantiles Limited
- Committee Memberships: In Chandrima Mercantiles Limited, he serves as Member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee
- Confirmation: He has confirmed no material reasons for resignation other than those stated in his resignation letter
Resignation Letter Content:
Mr. Parin Bhavsar (DIN: 09134264) submitted his formal resignation letter citing pre-occupancy as the reason for stepping down from the post of Independent Director of Dipna Pharmachem Limited effective 12th May, 2026. He requested the Board to treat the letter as formal consent to resign and to take necessary steps for filing required forms with the Registrar of Companies (ROC) and updating the relevant stock exchange.