The Company has received a mail from Mr. Ratish Tagde (DIN 00024465), Independent Directors, that he intends to resign from the Board with immediate effect. Disclosure regarding the same ....
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Mr. Ratish Tagde (DIN 00024465), Independent Director on the board of NB Footwear Ltd, resigned via email on September 8, 2025, with immediate effect. He did not state any reason for stepping down in his resignation mail. Notably, his email hinted that the company should have informed BSE about his resignation 'long ago,' suggesting the board may have been aware of his intention earlier. The company also disclosed that it had written to Mr. Tagde seeking confirmation on his reasons but received no reply. A BSE non-compliance query was also referenced in the email chain.
This is a governance red flag for retail investors — the resignation appears to have been delayed in disclosure and was prompted by a regulatory query rather than a clean internal process, raising concerns about board oversight and compliance practices at NB Footwear.