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, Independent Director of Modi Rubber Limited, has tendered his resignation effective May 15, 2026. The resignation has been submitted citing personal reasons and other professional commitments. Mr. Agrawal, who is a Senior Advocate by profession, has also ceased to be a member of all Board Committees. He has confirmed in writing that there are no material reasons behind his resignation other than those stated. The company has informed both NSE and BSE about this change in compliance with SEBI Listing Regulations.
The resignation of an Independent Director raises governance concerns as it reduces board independence. However, since the director has confirmed no material reasons and cited only personal commitments, the market impact may be limited unless further disclosures reveal otherwise.