With reference to Regulation 30 of SEBI (LODR), 2015, we intimate that the Company has received and accepted resignation letter from Mrs. Laxmi Donga. Resignation Letter is attached.
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Pet Plastics Ltd has informed BSE that Mrs. Laxmi Donga Shrinivas (DIN: 08593758), an Independent Director, has resigned from the Board effective April 23, 2025. In the intimation to BSE, the reason cited was 'pre-occupancy in other work,' while her resignation letter mentions an 'emerging unavoidable and personal health situation.' She served on three key board committees: Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. She confirmed there are no other material reasons for her resignation. The signed letter was digitally submitted on April 24, 2025 by Managing Director Ritesh Vijay Vakil.
For retail investors, this means the company has lost one Independent Director who also held seats on three important board committees including the Audit Committee. The slight mismatch between the publicly cited reason and the personal resignation reason is worth noting, though the director confirmed no material undisclosed reasons.