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Awaiting price reaction for this filing.
Shri Raghav Nathani (DIN: 01463692) has resigned as Independent Director of Continental Chemicals Ltd with immediate effect from June 24, 2025, citing personal and unavoidable circumstances. He also stepped down as Chairperson of three key board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. He held a minor shareholding of 550 shares in the company and has confirmed there are no other material reasons for his exit. He does not hold directorship in any other listed entity.
This is a routine independent director exit with no governance red flags raised. The loss of an audit committee chair may create a short-term gap in board oversight until a replacement is appointed, but should not materially affect shareholders or the stock price.