Resignation of Director
Awaiting price reaction for this filing.
Veronica Production Ltd announced that Mr. Jayesh Laxmanbhai Bhavsar has resigned as Independent Director effective January 22, 2026, citing pre-occupation (personal reasons) with no other material reasons stated. To fill the vacancy, the board appointed Mr. Ajay Akhilesh Narayan as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval at the next AGM. Mr. Narayan holds a BA from Bundelkhand University and has over 5 years of experience in HR, Admin, and Accounts. The board also approved the reconstitution of its various committees.
This is a routine board-level change with no impact on operations or financials. Investors should monitor whether the new independent director adds value to governance, but the resignation appears amicable with no red flags.