Resignation of Independent Director
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Pet Plastics Ltd has informed BSE that two Independent Directors — Ms. Aruna Ravilal Tripathi (DIN: 00152312) and Ms. Durga Vasarla (DIN: 08593741) — resigned from the board with effect from August 5, 2025. The resignations were attributed to professional commitments and personal reasons, respectively. Both directors confirmed there are no other material reasons behind their decision. The disclosure was made under Regulation 30 of SEBI LODR, 2015, and signed by Director Abhinath Shinde. There is no mention of any governance concerns or disputes with the board.
Two independent directors exiting simultaneously may weaken board independence and oversight capacity in the near term. Shareholders should watch for timely appointment of new independent directors to ensure compliance with minimum board composition requirements.