Announced Mon, 15 Jun · 14:17 IST
Independent Director Mr. Sandeep Deshpande resigns; vacates Audit Committee Chair
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹15.63
prior close
₹16.35
base price
In-mkt
timing
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+0.0+0.0+0.0+0.0-2.1-1.8-4.0-4.0-3.1-3.7-23.9-44.3——
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AI summary
Mr. Sandeep Sadashiv Deshpande (DIN: 03535186) has resigned as Non-Executive Independent Director of Polo Queen Industrial and Fintech Ltd, effective close of business on June 15, 2026. He cited pre-occupation with personal commitments and confirmed no other material reasons. He also steps down as Chairman of the Audit Committee and Member of the Risk Management Committee. He continues as Independent Director on NRB Industrial Bearings Limited. The Board has accepted the resignation.
Likely market impact
Loss of an Independent Director and Audit Committee Chair may raise short-term governance concerns until a replacement is appointed.