Responsive Industries Limited has informed the Exchange regarding Resignation of Mr as Non- Executive Director of the company w.e.f. May 26, 2026.
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 (DIN: 05011607) has tendered his resignation as Non-Executive Non-Independent Director and Chairperson of Responsive Industries Limited, effective May 26, 2026 (end of business hours). He is also stepping down from all committee memberships where he served as member or chairperson. The resignation letter was dated May 20, 2026. The reason stated is personal reasons only, with no material reasons, disputes, or concerns relating to the Company's affairs or management. Mr. Agarwal confirmed he is not disqualified under the Companies Act, 2013 and there are no pending dues or liabilities between him and the Company. The Board expressed gratitude for his guidance and valuable contribution during his tenure.
The resignation of the Chairperson creates a leadership gap at the board level. Since the person confirmed no disputes or governance concerns, the market impact may be limited unless further announcements clarify succession plans.