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Awaiting price reaction for this filing.
Mr. Lakshminarayana Bolisetty (DIN: 02766709) has resigned as an Independent Director of Kisaan Parivar Industries Limited (formerly Richirich Inventures Limited) effective August 7, 2025. The reason cited is personal reasons and other engagements, with no other material reasons disclosed. The director confirmed he holds independent directorships in other listed companies including Natco Pharma Limited, B2B Software Technologies Limited, and B.N. Rathi Securities Limited. The company has filed the required disclosures under SEBI Listing Regulations with the BSE.
This is a routine independent director resignation citing personal reasons with no governance red flags flagged. Shareholders should monitor whether the vacancy is filled within the SEBI-mandated timeline to maintain board composition compliance, but near-term impact on stock price is likely minimal.