Polo Queen Industrial and Fintech Limited has submitted a regulatory disclosure to BSE Limited and Metropolitan Stock Exchange of India Limited regarding the resignation of a director.
The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Effective Date
The resignation is effective from the close of business hours on June 15, 2026.
Reason for Resignation
The resignation was tendered due to pre-occupation with personal commitments.
Committee Positions
Consequently, Mr. Deshpande has ceased to be:
- Chairman of the Audit Committee of the Company
- Member of the Risk Management Committee of the Company
Additional Confirmations
Mr. Deshpande has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter (personal commitments).
Other Directorships
The resigning director holds directorship in one other listed entity:
- NRB Industrial Bearings Limited as Non-Executive Independent Director
- Committee memberships at NRB Industrial Bearings Limited include: Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee
Board Action
The Board of Directors of the Company has taken note and accepted the resignation.
Financial Impact
No financial impact quantified in the disclosure.
Documents Submitted
The disclosure includes Annexure-A with detailed information as required under Regulation 30 and Annexure-B containing the resignation letter.