Responsive Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
RESPONIND · price
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On the reaction day the stock moved 7.0 pts more than Nifty Microcap 250 and 8.1 pts more than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Rishabh Agarwal has resigned from his positions as Non-Executive Non-Independent Director and Chairperson of Responsive Industries Limited, effective May 26, 2026 (end of business hours). The resignation was tendered on May 20, 2026 citing personal reasons. He has confirmed there are no material reasons, disputes, or concerns relating to the company's affairs or management. With this resignation, he will also cease to be a member of all board committees where he served as member or chairperson. The company has stated there are no pending dues, liabilities, or disputes between Mr. Agarwal and the company. He held no directorships in other listed entities.
The departure of the Chairperson creates a leadership vacuum at the board level. Shareholders should monitor for the appointment of a new Chairperson and Non-Executive Director, as this could signal potential instability or strategic shifts in governance.