Britannia Industries Limited has informed the Exchange regarding Resignation of Dr. Urjit Patel as Non- Executive Independent Director of the company w.e.f. October 30, 2025.
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Dr. Urjit Patel, former RBI Governor, has resigned from the board of Britannia Industries Limited as a Non-Executive Independent Director, effective October 30, 2025. The company has informed the stock exchange about this board-level change. No reason for the resignation has been disclosed in the filing. Britannia has not yet indicated whether a replacement independent director will be appointed.
Dr. Patel's departure removes a high-profile independent director known for his macroeconomic expertise, which may be noted by the market, though the immediate impact on the stock is likely limited as this is a non-executive role and the company has a strong management team in place.