Resignation of Mr. Parmanand Chaubey (DIN: 06793843) Non Executive & Non Independent Director & Mr. Ajay Kumar (DIN: 07015936) Executive Director w.e.f. 26.04.2025.
Awaiting price reaction for this filing.
Tiaan Consumer Limited has informed the stock exchange that two directors have resigned from the board with effect from April 26, 2025. Mr. Parmanand Chaubey (DIN: 06793843), a Non-Executive & Non-Independent Director, and Mr. Ajay Kumar (DIN: 07015936), an Executive Director, both stepped down citing personal and unavoidable reasons. Both have confirmed that there are no other material reasons for their departure. The Managing Director, Mr. Bharat Bhushan, continues to lead the company.
Two board seats are now vacant, including one Executive Director who is typically a Key Managerial Personnel. Investors may want to watch for timely board reconstitution announcements, as sudden exits without a stated successor can raise minor governance concerns.