Modi Rubber Limited has informed the Exchange about Resignation of Director/KMP/SMP
MODIRUBBER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Tarun Agrawal has tendered his resignation as an Independent Director of Modi Rubber Limited with effect from May 15, 2026. The resignation was submitted due to personal reasons and other professional commitments. Mr. Agrawal also ceases to be a member of all Board Committees upon resignation. He has confirmed that there are no other material reasons behind his departure other than those stated. The company has issued this intimation in compliance with SEBI Listing Regulations.
The resignation of an Independent Director could raise governance concerns for investors, as independent directors play a key role in board oversight. The departure due to personal reasons without any material concerns mentioned may have a limited negative impact, but the company will need to fill this vacancy to maintain board independence requirements.