BALLARPUR INDUSTRIES LIMITED has informed the Exchange about Resignation of Independent director.
Awaiting price reaction for this filing.
Ballarpur Industries Limited has informed the stock exchange about the resignation of Runel Saxena from the position of Independent Non-Executive Director. The resignation is effective from 30th July 2025, as mentioned in the letter dated 29th July 2025. In the resignation letter, Mr. Saxena cited professional commitments and personal reasons for stepping down, noting that he was unable to dedicate adequate time to mentoring management and overseeing governance matters. He requested the board to make the necessary filings with the Ministry of Corporate Affairs (MCA).
This is a routine board-level change with no immediate financial or operational impact on shareholders. The company will need to fill the vacant independent director position within the timeframe required under SEBI and Companies Act regulations to maintain board composition compliance.