Intimation of resignation of Mr. Romesh Sobti as an Independent Director of the Company with effect from end of day on June 30, 2026
DELHIVERY · price
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Mr. Romesh Sobti has tendered his resignation as Independent Director of Delhivery Ltd, effective from end of day on June 30, 2026. He served nearly 5 years on the Board. As a result, he will also step down as Chairman of the Audit Committee and as member of the Stakeholders Relationship Committee, Risk Management Committee, and Merger & Acquisition Committee. The resignation is described as part of a 'planned Board rejuvenation process.' Mr. Sobti has confirmed there are no material reasons for his departure other than those stated. He continues to serve as Independent Director on the boards of Adani Green Energy Limited and Dabur India Limited.
The resignation of the Audit Committee Chairman could raise governance concerns for investors, as the Audit Committee plays a critical role in financial oversight. However, the resignation is planned and non-adverse in nature, with a smooth transition expected by July 2026.