Resignation of Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Chintan Umeshbhai Bhatt resigned as Independent Director effective April 6, 2026, citing inability to devote sufficient time to the company. He confirmed no other material reasons for the resignation. Simultaneously, the board appointed Mr. Arpankumar Patel as an Additional Independent Director for a 5-year term, subject to shareholder approval within 3 months. All board committees (Audit, Nomination & Remuneration, and Stakeholders Relationship) were reconstituted with Mr. Patel appointed as Chairman of the first two committees.
The resignation is described as amicable with no governance concerns flagged. The board has promptly filled the vacancy, which limits disruption. Shareholders should note the upcoming approval needed for Mr. Patel's appointment.