Revised Intimation for Resignation of IDependent Director of the Company has previously inform to BSE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Newtrac Foods & Beverages Ltd (formerly Markobenz Ventures Limited) has filed a revised intimation with BSE regarding the resignation of Mr. Jetharam Karwasra (DIN: 05254442) as Independent Director, effective February 24, 2026. The resignation was originally submitted to the company on the same date, citing increasing personal and professional commitments that prevented him from dedicating adequate time to the role. This is a revised submission made after BSE raised a query on the earlier intimation. The company has confirmed there are no other material reasons beyond those stated, and the resigning director does not hold directorships in any other listed entity.
This is a routine single Independent Director exit with no governance red flags or material reasons cited. For shareholders, it is a low-impact event but the company will need to fill the vacancy to maintain the required composition of the board with adequate independent directors.