FINOLEX INDUSTRIES LIMITED has informed the Exchange about Resignation of Independent director.
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Mr. Rajesh Balkrishna Rathi (DIN: 00018628) has resigned as a Non-Executive and Independent Director of Finolex Industries Limited, effective from the close of business hours on 2nd August 2025. He cited other professional commitments and pre-occupation as the reason for stepping down. He also resigned as a member of various board committees of the company. Mr. Rathi confirmed that there are no other material reasons behind his resignation beyond those stated. He is also associated with Sudarshan Chemical Industries Limited as a director.
This is a single independent director exit with no governance concerns flagged, so the near-term impact on shareholders is expected to be limited. The company will need to fill the vacant independent director position within the timelines prescribed under the Companies Act.