Aditya Birla Capital Limited has informed the Exchange regarding resignation of Mr. Romesh Sobti as Non-Executive (Nominee) Director of the company w.e.f. Jun 19, 2025.
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Mr. Romesh Sobti has resigned from the board of Aditya Birla Capital Limited as a Non-Executive (Nominee) Director, effective from the close of business hours on June 19, 2025. He was originally appointed on January 14, 2021, as a nominee of Jomei Investments Limited, and was last reappointed at the 17th AGM on August 16, 2024. The resignation follows Jomei Investments' recent sale of equity shares, which brought its shareholding in the company below the threshold required to nominate a director. As a result, Jomei lost its right to nominate a board member, and Mr. Sobti has stepped down from the board and all its committees.
This is a procedural change triggered by an investor's reduced shareholding rather than any governance or performance concern. It is unlikely to materially affect the stock price, though it signals that Jomei Investments has trimmed its stake in Aditya Birla Capital below the director-nomination threshold.