Announcement under Regulation 30 (LODR)- Resignation of Director
GENCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Dhairya Manish Patel (DIN: 08909705) has tendered his resignation as Executive Non-Independent Director of Generic Engineering Construction and Projects Ltd, effective from the close of business hours on 5th May 2026. The resignation is due to his preoccupation with other work and personal commitments. The director has confirmed that there are no material reasons for his resignation other than those stated. The Board has placed on record its appreciation for his valuable contribution during his tenure. The company has not disclosed any names of other listed entities where the resigning director holds directorships, indicating this was his only listed company directorship.
This resignation removes an Executive Director from the board, which could slightly impact board composition and decision-making. However, since it's a single resignation with no governance concerns flagged and no material reasons cited, the impact on shareholders is expected to be minimal in the near term. Shareholders should monitor for replacement appointments.