Intimation of resignation of Mr. Gaurang Gandhi as Independent Director of the Company w.e.f 28.01.2026
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ASI Industries Ltd has informed the BSE that Mr. Gaurang Gandhi (DIN: 00008057) has resigned as an Independent Director of the company, effective from the close of business hours on 28th January, 2026. In his resignation letter, Mr. Gandhi cited personal preoccupation and other commitments as the reason for stepping down. He also confirmed that there are no other material reasons behind his resignation. Mr. Gandhi continues to serve as Executive Director of Pioneer Investcorp Limited.
This is a routine independent director exit due to personal time constraints, with no governance red flags indicated. It is unlikely to have a material impact on the stock price, though the company will need to fill the vacant independent director seat to maintain board composition compliance under SEBI rules.