Pennar Industries Limited has informed the Exchange regarding Resignation of Mr P V Rao as Non- Executive Director of the company w.e.f. April 11, 2026.
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Mr. P V Rao has tendered his resignation from the Board of Pennar Industries Limited with effect from April 11, 2026. The resignation is due to unavoidable personal situations, as stated in his letter dated April 10, 2026. Mr. Rao clarified there are no other material reasons for his departure. Notably, Mr. Rao has a long association with Pennar Group since January 2008, initially serving as Head and first employee of Pennar Engineered Building Systems. He previously held the position of Joint Managing Director before transitioning to a non-executive role in early 2021. The company has confirmed no material disagreements or reasons beyond personal circumstances.
The resignation is relatively low impact as it involves a non-executive director resigning for personal reasons, with no indication of governance concerns or disagreements with company management.