Shah Alloys Limited has disclosed the resignation of Shri Ambalal Chitabhai Patel (DIN: 00037870) from his position as Independent Director of the Company. The resignation is effective from the closure of business hours on July 13, 2026.
The resignation was tendered due to "unavoidable personal reasons" as stated in Patel's resignation letter dated July 13, 2026. Patel confirmed that there are no other material reasons for his resignation beyond those mentioned in his resignation letter.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Clause 7B of Part A of Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023.
Director Profile and Other Positions
Ambalal Chitabhai Patel holds directorships in four other listed entities:
- Sadbhav Engineering Limited
- Sadbhav Infrastructure Project Limited
- Shree Rama Newsprint Limited (Member of Audit Committee)
- Nandan Denim Limited (Member of Nomination & Remuneration Committee and CSR Committee)
Board Acceptance and Regulatory Compliance
The Board of Directors of Shah Alloys Limited acknowledged receipt of the resignation letter and accepted Patel's request to be relieved from his duties effective close of business hours on July 13, 2026. The Company will initiate necessary regulatory formalities including filing requisite forms with the Registrar of Companies (ROC) and making disclosures to stock exchanges within prescribed timelines.
The Company Secretary & Compliance Officer, Narayanlal F. Shah (M. No. A30225), signed the disclosure submission to BSE Limited and National Stock Exchange of India Ltd.