Announced Fri, 14 Nov · 19:00 IST

Please find enclosed herewith intimation for Resignation of Independent Director.

Management Changes View source PDF

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AI summary

Mr. Mahesh Ratilal Sapariya (DIN: 00414104) has resigned as Non-Executive, Independent Director of Harish Textile Engineers Limited, effective from the close of business hours on 14th November 2025. The resignation was due to personal commitments and other ongoing engagements, and he confirmed there are no other material reasons behind his exit. He will also step down as a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. Sapariya continues to serve as Managing Director of Mahesh Developers Limited. The resignation letter and required SEBI disclosures under Regulation 30 have been submitted to BSE.

Likely market impact

This is a routine single independent director exit with no stated governance concerns, so it is unlikely to materially affect the stock price. However, shareholders should watch for timely appointment of a replacement independent director to maintain compliance with board composition rules under SEBI LODR.