Fertilizers and Chemicals Travancore Limited has informed the Exchange regarding Resignation of Mr Billeswar Sinha as Non- Executive Independent Director of the company w.e.f. March 30, 2026.
FACT · price
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On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 2.8 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Billeswar Sinha has resigned from the Board of Directors of FACT as an Independent Director effective March 30, 2026. The reason stated is his intention to contest in the upcoming West Bengal Legislative Assembly Election from the Barjora constituency. He has confirmed that there is no other material reason for his resignation beyond the political contest. As a consequence of his resignation, he also ceases to be a member of the Nomination and Remuneration Committee. The company has confirmed he holds no other directorships in listed entities.
The resignation reduces the board's independent director count and may require the company to appoint a replacement to maintain compliance with SEBI listing requirements. The resignation appears non-controversial as it is driven by personal political aspirations rather than governance concerns.