Resignation of Director
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd held a board meeting on February 12, 2026. The board approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Mrs. Sudha Ramesh resigned as Non-Executive Independent Woman Director citing personal reasons, and the board acknowledged her long association with the company. In her place, Mrs. Sneha Sharma, a company law advisory professional with over 10 years of experience, was appointed as Additional Non-Executive Independent Woman Director for a five-year term, subject to shareholder approval via postal ballot.
This is a routine board-level change with an independent director stepping down and being replaced by another independent director on the same day. The simultaneous appointment ensures continuity on the board, so there is no material impact expected on the stock price or shareholders.