Pursuant to Regulation 30 of SEBI (LODR) Regulation 2015 there is a change in director of board Mr. Luv sharma.
Awaiting price reaction for this filing.
Mr. Luv Sharma (DIN: 09480544), a Non-Executive & Independent Director, has resigned from the board of Alstone Textiles (India) Ltd effective November 20, 2025. The official disclosure cites 'personal reasons and unavoidable reasons' for the exit. However, the attached resignation letter reveals deeper governance concerns: the director states he was not receiving adequate board meeting notices, documents, or committee papers, which prevented him from discharging his duties. He mentions that these issues were raised via email and in general meetings but remained unaddressed by the company. He also holds a directorship in India Solomon Holdings Limited.
This is a significant governance red flag for shareholders — an independent director has publicly cited non-receipt of mandatory board information and unaddressed compliance concerns as his reason for leaving. Such disclosures often invite regulatory scrutiny from SEBI and can dent investor confidence in the company's board oversight, even though the stock may see only limited immediate price impact given Alstone Textiles' small size.