Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board of Directors take Note the resignation of Mr. Parmanand Chaubey (DIN:06793843) ....
Awaiting price reaction for this filing.
The board of Tiaan Consumer Limited, at its meeting on May 27, 2025, formally noted the resignations of two directors effective April 26, 2025: Mr. Parmanand Chaubey (Non-Executive & Non-Independent Director, DIN: 06793843) and Mr. Ajay Kumar (Executive Director, DIN: 07015936). Both cited personal and unavoidable reasons, and confirmed there were no other material reasons for their exit. Mr. Ajay Kumar also holds a Non-Executive directorship at Grand Oak Canyons Distillery Limited, where he sits on three committees. The resignations were communicated about a month before the board formally took note.
The simultaneous exit of two directors — including an Executive Director who is typically a Key Managerial Person — is a governance change worth watching for this small-cap consumer company, though no adverse reasons were disclosed. Investors should monitor for any further board-level changes or clarifications from management.