Key Event Details
Mr. Sriram Kapilavai (DIN: 05103429) tendered his resignation as Director (Whole-time Director) of the Company via letter dated August 25, 2026, with immediate effect. The resignation becomes effective from the close of business hours on August 25, 2026.
Reason for Resignation
The resignation is due to personal reasons and the current non-operational status of the plant. Mr. Kapilavai stated that given the plant's non-operational status, he feels unable to contribute meaningfully to the company's core technical objectives. He also wishes to focus on personal growth and explore new career avenues.
Director Confirmation
Mr. Kapilavai has confirmed that there are no other material reasons for his resignation beyond those stated in his resignation letter.
Other Directorships and Roles
The resigning director holds the following positions:
- Joint Managing Director in Aditya Spinners Limited
- Director in Envean Enterprises Private Limited
- Member of Share Transfer Committee in Aditya Spinners Limited
Procedural Requirements
The company will take the resignation on record at the ensuing Board Meeting. Necessary intimation will be filed with the stock exchange and Form DIR-12 will be filed with the Registrar of Companies (RoC) to formalize the resignation.