Patron Exim Limited has submitted a regulatory disclosure to BSE Limited regarding the resignation of a director. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Master Circular No. SEBI/HO/49/14/14(7)2025 - CFD - POD2/I/3762/2026 dated January 30, 2026.
Key Details of Resignation
- Director Name: Mr. Sumitkumar Jayantibhai Patel
- DIN: 08206567
- Position: Non-Executive Independent Director
- Resignation Date: Tendered via letter dated May 29, 2026.
- Effective Date: Resignation is effective from the close of business hours on June 01, 2026.
- Reason for Resignation: Personal reasons and other professional commitments.
- Material Reasons: The director has confirmed that there are no other material reasons for his resignation beyond those stated.
Additional Roles Relinquished
As per his resignation letter (Annexure B), Mr. Patel also resigned from his positions as:
- Chairman of the Audit Committee
- Chairman of the Nomination and Remuneration Committee
- Chairman of the Stakeholders Relationship Committee
These resignations are also effective from June 01, 2026.
Current Directorships
As required by regulation, the disclosure includes details of other listed entities in which the resigning director holds positions:
1. Siddhi Costpin Limited: Independent Director; Member of Audit Committee, Stakeholder Relationship Committee, and Nomination & Remuneration Committee.
2. Orbit Pharma Limited: Independent Director.
3. SVS Ventures Limited: Independent Director; Member of Audit Committee, Stakeholder Relationship Committee, and Nomination & Remuneration Committee.
Company Action
The company states it is in the process of identifying suitable candidates to fill the vacant independent director position(s) and will intimate the stock exchange in due course as per SEBI Listing Regulations.
Financial Impact
No financial impact is quantified or mentioned in the disclosure.