Resignation of Mr. Pyare Lal Khanna from the directorship of the Company w.e.f. 10th February, 2026
Awaiting price reaction for this filing.
Mr. Pyare Lal Khanna, a Non-Executive Director of CMI Ltd, has resigned from the board with effect from February 10, 2026, citing preoccupations. The resignation has been accepted by the Resolution Professional of the Company, indicating the company is currently under the Corporate Insolvency Resolution Process (CIRP). Mr. Khanna did not hold directorships or committee memberships in any other listed entity. The disclosure is filed under SEBI Listing Regulations.
A single non-executive director resignation is largely routine and unlikely to materially affect stock price, but the presence of a Resolution Professional signals the company is undergoing insolvency proceedings, which remains the key concern for shareholders.