Disclosure under SEBI (LODR) Regulation, 2015, for the Resignation of Mr. Ratan Kumar Singh from the post of Non- executive & Independent Director of the Company.
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Ganga Papers India Ltd has informed the stock exchanges about the resignation of Mr. Ratan Kumar Singh from the position of Non-executive & Independent Director of the company. The disclosure is being made under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. No further details such as the reason for resignation or effective date were available from the filing.
The departure of an Independent Director may temporarily affect the composition of the board and its committees, but the company is required to fill the vacancy within the timeframe prescribed under SEBI LODR rules. This is a routine governance disclosure and is unlikely to have a material impact on the stock price.