Resignation of Directors
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Pratiksha Chemicals Ltd has informed the BSE that four directors resigned from the board with effect from 2nd January 2026. Three of them — Alkesh Vishnuprasad Joshi, Halubhai Vaghjibhai Rabari and Paresh Maneklal Shah — were Independent Directors, while Monika Jayeshbhai Chauhan was a Non-Executive Director. All four cited pre-occupation with other professional assignments as the reason and confirmed there are no other material reasons for stepping down. The resignations are all effective immediately and were filed under SEBI's Regulation 30 disclosure norms.
The simultaneous exit of three Independent Directors weakens the board's independent composition and may raise short-term governance concerns, as the company will need to appoint new Independent Directors within SEBI's prescribed timeline to maintain regulatory compliance.