Key Details of Resignation
- Mr. Naresh Ramniklal Mehta (DIN: 02888018), Non-Executive Non-Independent Director, has resigned from the Board of Directors
- Effective date: With effect from close of business hours on 14th October, 2026
- Reason for resignation: Personal and professional reasons related to retirement after more than 40 years in the plastics and manufacturing industry
- Mr. Mehta confirms there are no other material reasons for his resignation beyond those stated
Committee Membership Impact
Due to the resignation, Mr. Mehta ceases to be a member of the Nomination and Remuneration Committee of the Board with effect from close of business hours on 14th October, 2026.
Director's Background and Future Plans
In his resignation letter, Mr. Mehta stated he is entering retirement after spending more than 40 years in the plastics and manufacturing industry. He plans to devote more time to mentoring students and new entrants, volunteering his expertise, and potentially teaching at the university level.
Financial Impact
No financial impact disclosed in the filing.