Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 ('SEBI (LODR) Regulation, 2015') read with Part A of Schedule III to the said Regulations, ....
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Awaiting price reaction for this filing.
Orient Tradelink Limited has informed the stock exchange that Dr. Balakrishna Ramarao Maddur (DIN: 00899838), an Independent Director of the company, has resigned from the board effective May 28, 2025. The reason cited is personal, and the outgoing director has confirmed there are no other material reasons behind his departure. The filing was made under SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations, and the resignation letter has been enclosed as Annexure-B. The intimation was signed by Aushim Khetarpal, who serves as both Managing Director and CFO of the company.
This is a routine independent director exit driven by personal reasons with no governance concerns flagged. Shareholders should watch for the appointment of a replacement independent director to ensure the board remains compliant with composition norms, but there is no immediate negative signal for the stock.