Raj Oil Mills Limited has informed the Exchange regarding Resignation of Mr Arun Dash as Independent Director of the company w.e.f. August 13, 2025.
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Raj Oil Mills Limited informed the exchanges that two Independent Directors have resigned simultaneously, effective from the close of business hours on August 13, 2025. Mr. Siraj Umar Furniturewala resigned citing engagement in other assignments, and Mr. Arun Dash resigned citing preoccupation and personal commitments. Mr. Furniturewala also stepped down as Chairman of the Stakeholder Relationship Committee, while Mr. Dash ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. Both directors confirmed there are no other material reasons for their resignation and neither holds directorship in any other listed entity.
The simultaneous exit of two independent directors, including one from the Audit Committee, may temporarily weaken board oversight and could raise minor governance concerns until replacements are appointed. Retail investors should watch for announcements of new independent director appointments to restore committee composition.