Raj Oil Mills Limited has informed the Exchange regarding Resignation of Mr Siraj Umar Furniturewala as Independent Director of the company w.e.f. August 13, 2025.
ROML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Two independent directors of Raj Oil Mills Limited resigned with effect from August 13, 2025. Mr. Siraj Umar Furniturewala stepped down citing engagement in other assignments and also gave up his role as Chairman of the Stakeholder Relationship Committee. Mr. Arun Dash resigned citing preoccupation and personal commitments, and also stepped down as 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 beyond what they stated. Neither of them holds directorships in any other listed entity. The resignations leave the company with multiple vacancies on its board and key committees that need to be filled to meet regulatory requirements.
Investors should watch for timely appointment of new independent directors to ensure the board meets minimum composition rules and that critical committees like Audit and Stakeholder Relationship continue to function properly. Simultaneous exit of two independent directors can be a governance red flag and may create short-term uncertainty.