This is to inform that the Board of Directors of the Company ('Board') at its meeting held today, i.e. March 28, 2026, which commenced at 01:00 PM and concluded at 08:00 PM., inter alia ....
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The Board of Directors of Pet Plastics Ltd (now Bharatam Ventures Limited) at its meeting on March 28, 2026 accepted the resignation of Mr. Ritesh Vijay Vakil (DIN: 00153325) from the position of Executive Managing Director and Whole Time Key Managerial Personnel, effective from the close of business hours on the same day. Mr. Vakil cited the change in control of the company as the reason for his resignation, with no other material reasons disclosed. The company has filed the required disclosures under SEBI Listing Regulations along with his resignation letter. Notably, the company has recently been renamed from Pet Plastics Limited to Bharatam Ventures Limited, indicating a shift in business identity.
The sudden exit of the Managing Director, specifically linked to a change in control, may raise governance concerns and signal a significant transition in the company's leadership and strategic direction. Shareholders should watch for further announcements regarding new management appointments and any open offer or takeover-related disclosures.