Announced Thu, 29 May · 15:53 IST

Intimation under Regulation 30 of the SEBI (LODR), 2015

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Tushar Patel (DIN: 06915474) has resigned as the Non-Executive Independent Director of Radhe Developers (India) Limited, effective from the close of business hours on May 29, 2025. He also ceased to be a member of the Corporate Social Responsibility Committee. The resignation is attributed to personal reasons as stated in his letter, with the director confirming there are no other material reasons. The Board recorded appreciation for his contributions during his tenure.

Likely market impact

This is a routine single-board-level exit attributed to personal reasons with no governance red flags signaled. For shareholders, it is a neutral event but may raise minor concerns over board continuity and the independence quotient if a replacement is not appointed promptly.