Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Bhaveshkumar Popatlal Upadhyay
- Designation: Non-Executive Independent Director
- Reason for Resignation: Personal and unavoidable circumstances (as stated in company disclosure) / Professional reasons (as stated in resignation letter)
- Effective Date of Resignation: Closure of Business Hours of 14th August 2026
- Date of Resignation Letter: 14th August 2026
- Duration in Role: Not Specified
- Board’s Acknowledgment / Statement: Resignation was accepted by an Authorised Signatory/Director on behalf of Vaishali Pharma Limited
- Replacement Appointed: Not Specified
- Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III
- Delay in Disclosure: No delay indicated; disclosure submitted on same date as resignation (14th August 2026)
Analytical Add-On: The resignation appears to be a routine management change with stated personal/professional reasons. As an Independent Director resignation, it does not directly affect financial reporting integrity or operational continuity. The disclosure confirms no material reasons beyond those stated, indicating no immediate governance concerns.
Section B – Additional Observations or Disclosures
Not Specified
Section C – Financial & Governance Disclosures
Not Specified