Accepted the resignation of Mr. Sesha Cary Phaniharam (DIN: 07766151) with effect from 23rd April 2025 and he resigned due to his personal preoccupations.
Awaiting price reaction for this filing.
Ajel Limited informed the BSE that its Board of Directors, at a meeting held on 23rd April 2025, accepted the resignation of Mr. Sesha Chary Phaniharam (DIN: 07766151), effective the same day. The resignation was attributed to personal preoccupations. The board meeting was notably brief, lasting only about 15 minutes (4:00 PM to 4:15 PM). The company stated it is in the process of filing the necessary forms with the Registrar of Companies. The communication was signed by Managing Director Srinivasa Reddy Arik (DIN: 01673552).
This is a routine director-level resignation with personal reasons cited and no governance red flags mentioned. The very short board meeting and absence of any replacement appointment suggest this is unlikely to materially affect the stock or operations in the short term.