Nature of Event
Management change due to resignation of board director and chairperson.
Key Details
- Resignation Date: May 20, 2026 (resignation letter date)
- Effective Date: May 26, 2026 (end of business hours)
- Positions Resigned: Non-Executive Non-Independent Director and Chairperson of the Company
- Reason for Resignation: Personal reasons (as stated in resignation letter)
- DIN: 05011607
Additional Information
- Mr. Agarwal confirmed there are no material reasons for his resignation other than personal reasons
- He confirmed no concerns or disputes relating to the affairs or management of the Company
- He confirmed he is not disqualified under any provision of the Companies Act, 2013 or any other applicable law
- No pending dues, liabilities, or disputes between himself and the Company
- He holds no directorships in other listed entities
Procedural Requirements
The resignation letter requests the Board to:
- Acknowledge and accept the resignation in accordance with Section 168 of the Companies Act, 2013
- File Form DIR-12 with the Registrar of Companies, Mumbai within 30 days of May 26, 2026
- Furnish a copy of the SRN acknowledgment upon filing
- Make necessary disclosures to stock exchanges as required under Regulation 30 of SEBI LODR Regulations
- Update statutory registers and take all necessary steps to give effect to the resignation
Documentation
The filing includes two annexures:
- Annexure-1: Resignation letter dated May 20, 2026
- Annexure-2: Disclosure details as required under SEBI LODR Regulations and SEBI Circular
Financial Impact
No financial impact disclosed in the filing.