Intimation of completion of term of Independent Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ramgopal Polytex Ltd's board, at its July 28, 2025 meeting, approved the cessation of Mr. Parma Lal Jyotshi as Independent Director effective August 02, 2025, after completing his second and final five-year term. In his place, Mr. Nishant Tolchand Ranka, a qualified Chartered Accountant with 20+ years of experience, has been appointed as an Additional Non-Executive Independent Director for a five-year term starting August 03, 2025, subject to shareholder approval. Board committees were reconstituted accordingly, with Mr. Ranka taking over as Chairperson of the Audit Committee and Nomination & Remuneration Committee. The 44th AGM is scheduled for September 30, 2025 via video conferencing. Separately, Q1 FY26 results showed a sharp deterioration — revenue from operations fell to ₹23.50 lakhs (vs ₹87.27 lakhs in Q1 FY25), and the company swung to a loss of ₹68.02 lakhs (vs a small profit of ₹0.28 lakhs), largely due to a ₹70 lakh provision for GST credits.
Routine board refresh with one independent director replaced by another; no governance red flags. However, the quarterly results are weak, with revenue declining sharply and a meaningful loss, which may weigh on near-term sentiment.