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 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jhandewalas Foods Ltd has announced the resignation of Mr. Rajat Kasliwal as Independent Director, effective May 18, 2026. The official filing cites 'personal and professional commitments' as the reason for resignation. However, the attached resignation letter (dated March 12, 2026) reveals a different underlying cause — the director stated he resigned due to 'continued lack of response and communication from the Company,' which hampered his ability to discharge his responsibilities. The company confirmed there is no other material reason for resignation beyond what was stated. Mr. Raakesh B Kulwal, Managing Director, signed the filing.
This resignation, particularly the discrepancy between the stated public reason and the director's private resignation letter citing communication failures, raises governance concerns. Loss of an independent director without transparent disclosure could signal internal issues and may negatively impact investor confidence.