Resignation of Mr. Rishabh Agarwal as NonExecutive and Non Independent Director of the Company
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Mr. Rishabh Agarwal has tendered his resignation as Non-Executive Non-Independent Director and Chairperson of Responsive Industries Ltd, effective May 26, 2026. He cited personal reasons for stepping down and explicitly confirmed there are no material reasons, disputes, or concerns relating to the company's affairs or management. The company thanked him for his guidance and valuable contribution during his tenure. As a result, he also ceases to be a member of all board committees where he served. The board has acknowledged the resignation as per Section 168 of the Companies Act, 2013.
The departure of both the Director and Chairperson creates a leadership gap requiring board reconstitution. While the company states no governance concerns exist, the dual departure of a key board position may raise investor attention until a replacement is announced.