Intimation of Resignation of Mr. Devashish Poddar from the position of Non-Executive Non-Independent Director and also resigned from all committees of Company.
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Mr. Devashish Poddar (DIN: 00457349) has resigned as a Non-Executive Non-Independent Director of Aravali Securities & Finance Ltd, citing personal reasons. His resignation letter is dated 13 January 2026 and will be effective from the close of business hours on 14 January 2026. Along with his directorship, he will also step down from all board committees, including his roles as Member of the Nomination & Remuneration Committee and Audit Committee, and as Chairperson of the Stakeholders Relationship Committee. The company has confirmed that there are no other material reasons behind the resignation beyond those stated.
This is a routine board-level exit for personal reasons with no governance red flags raised. The company will need to fill the vacant board and committee positions, but the change is unlikely to materially affect shareholders or operations given the non-executive nature of the role.