Intimation for Resignation of Mr. Jetharam Karwasra as a Independent Director of the Company
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Newtrac Foods & Beverages Ltd (formerly Markobenz Ventures Limited, Scrip Code: 514060) has informed BSE that Mr. Jetharam Karwasra (DIN: 05254442) has resigned from the post of Independent Director with effect from February 24, 2026. In his resignation letter, Mr. Karwasra cited increasing personal and professional commitments that prevented him from devoting adequate time and focus to the role. The company has appreciated his contributions during his tenure and filed the intimation under SEBI LODR Regulation 30. The communication is signed by Managing Director Mr. Bhavin Yogesh Shukla.
For shareholders, this is a routine board-level change with no stated governance concerns or financial implications. The departure of an Independent Director may reduce the board's composition strength and could trigger a requirement to fill the vacancy within stipulated timelines under the Companies Act, but it is unlikely to materially affect the stock price on its own.