Gandhar Oil Refinery (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP
GANDHAR · price
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Mrs. Deena Asit Mehta has tendered her resignation as Non-Executive Independent Director from the board of Gandhar Oil Refinery (India) Limited, effective May 12, 2026. She cited pre-occupation with other business activities as the reason and explicitly stated there is no material reason behind the resignation. Deena Mehta also held positions on the boards of Asit C. Mehta Financial Services Limited, Fino Payment Bank Limited, and Anand Rathi Wealth Limited, where she chaired or was a member of various committees such as Audit, Nomination & Remuneration, and Risk Management.
The exit of an independent director slightly reduces board independence and may raise governance questions, though the company stated no material reason for the departure. No immediate financial impact is expected on operations.