Please find enclosed herewith intimation for Resignation of Independent Director.
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Harish Textile Engineers Ltd has informed the stock exchange that Mr. Ritesh Patel (DIN: 00700189) has resigned as Non-Executive Independent Director of the company, effective from the close of business hours on 10 June 2025. The reason cited is other ongoing engagements and personal commitments, with no material reasons disclosed. Along with his directorship, Mr. Patel has also stepped down as Member and Chairman of three key board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. Patel continues as Managing Director of Corporate Courier and Cargo Limited. The company has not yet announced a replacement for the vacated independent director position.
This is a routine independent director resignation for personal reasons. However, the exit of one person from three key committees (including chairmanship of the audit committee) may create temporary governance gaps until a replacement is appointed. Shareholders should watch for timely disclosure of a new independent director to ensure compliance with board composition requirements.