Dear Sir /Ma'am, In terms of Regulation 30(2) read with Part A of Schedule III of the Listing Regulations, we hereby inform that the Company has received Resignation letter from Mr. Rajat ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jhandewalas Foods Ltd has received resignation from Mr. Rajat Kasliwal (DIN: 07781908) as Independent Director, effective from the close of business on May 18, 2026. The company cites 'personal and professional commitments' as the reason. However, the attached original resignation letter (dated 12/03/2026) reveals a different narrative, stating the director resigned due to 'continued lack of response and communication from the Company,' which hindered his ability to discharge responsibilities effectively. The company confirmed there is no other material reason for the resignation beyond what was stated. The Managing Director, Mr. Raakesh B Kulwal, signed the disclosure.
The resignation of an Independent Director, especially citing communication breakdowns with management, raises governance concerns. It could signal instability in the board's functioning and may be viewed negatively by investors concerned about corporate governance standards.