PPAP Automotive Limited has informed the Exchange regarding update on resignation of Ms Celine George as Non- Executive Independent Director of the company w.e.f. April 13, 2026.
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PPAP Automotive Limited has provided an update on the resignation of Ms. Celine George as Non-Executive Independent Director, effective April 13, 2026. The company had requested her to confirm that there are no undisclosed material reasons behind her resignation, beyond what was already communicated. Despite sending follow-up reminders, Ms. Celine George has not provided this confirmation. The company states it has no knowledge of any other material reasons for the resignation. This filing is a compliance update under SEBI LODR regulations, with the company committed to updating the stock exchange if the confirmation is received later.
The absence of a confirmation from the departing director may raise governance concerns for investors. As an Independent Director, her departure affects board composition and independence, which could impact investor sentiment in the near term.