Gandhar Oil Refinery (India) Limited has informed the Exchange regarding Resignation of Mrs. Deena Mehta as Non- Executive Independent Director of the company w.e.f. May 12, 2026.
GANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mrs. Deena Mehta has resigned as Non-Executive Independent Director of Gandhar Oil Refinery with immediate effect from May 12, 2026. She cited pre-occupation with her other business activities as the reason. The company received her confirmation that there are no material reasons behind the resignation. As a result, she will also cease to be a member of the Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee. Mrs. Mehta holds independent director positions in three other listed entities: Asit C. Mehta Financial Services Limited, Fino Payments Bank Limited, and Anand Rathi Wealth Limited.
The departure of an Independent Director, especially one serving on multiple board committees, reduces the company's governance and oversight capacity. Investors should monitor for replacement appointments to maintain board independence compliance.