Indo Rama Synthetics (India) Limited has informed the Exchange about Resignation of Independent director.
INDORAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mrs. Ranjana Agarwal, Non-Executive Independent Women Director (DIN 03340032), has ceased to be on the board of Indo Rama Synthetics with effect from 17th May 2025 due to the completion of her second term as an Independent Director. She held several committee positions including Chairperson of the Audit Committee at RBL Bank Limited, and was also a director at Indag Rubber Limited and RBL Finserve Limited. This is a routine governance event disclosed under SEBI LODR Regulation 30. The company has not indicated any reasons beyond the natural expiry of the independent director's term.
This is a routine, expected change as Mrs. Agarwal completed the maximum two terms permitted for an independent director under SEBI rules. It is unlikely to have a material impact on the stock price or business operations, though the company will need to fill the vacancy on its board in due course.