Resignation of an Independent Director.
RNBDENIMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Independent Director Ms. Radhika Arun Kanodiya (DIN: 07862908) resigned from the board effective close of business hours on 15th May 2025. In the same board meeting, Mrs. Nitika Abhishek Soni (DIN: 10708045) was appointed as an Additional Non-Executive Independent Director, and the Audit Committee and Nomination & Remuneration Committee were reconstituted. The board also approved audited FY25 results — standalone revenue fell to Rs. 23,613.76 lakhs from Rs. 26,226.44 lakhs, but standalone PAT rose to Rs. 2,091.85 lakhs (from Rs. 1,872.75 lakhs). On a consolidated basis, revenue grew to Rs. 36,678.27 lakhs and PAT rose to Rs. 2,747.40 lakhs (from Rs. 2,197.65 lakhs). M/s V. M. Patel & Associates was also appointed as cost auditor for FY26.
The director change is routine — one independent director exits and a replacement is appointed the same day, so no governance red flag for shareholders. Financially, the company delivered higher profits despite weaker standalone revenue, with consolidated numbers showing broader growth across the denim and renewable energy segments.