Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 for resignation of Independent Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mysore Petro Chemicals Ltd has informed the stock exchange that Independent Director Shri Rajesh Muni (DIN 00193527) has resigned from the board with effect from close of working hours on 2nd April 2025. The reason cited is 'pre-occupation elsewhere' — he intends to take on additional professional assignments and finds it difficult to continue on the board. He also serves as Independent Director and Audit Committee Chairperson at Inspirisys Solutions Limited. The company has confirmed there are no other material reasons for the resignation beyond what was stated.
This is a routine, voluntary exit of one Independent Director citing personal professional commitments, with no governance concerns flagged. Shareholders should monitor whether a replacement Independent Director is appointed within the regulatory timeline to maintain board composition requirements, but there is no immediate material impact on operations or stock price.