Responsive Industries Limited has informed the Exchange regarding Resignation of Mr Rishabh Aga as Chairman of the company w.e.f. May 26, 2026.
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Mr. Rishabh Agarwal has tendered his resignation as Non-Executive Non-Independent Director and Chairperson of Responsive Industries Limited, effective from the close of business hours on May 26, 2026. The resignation was submitted via letter dated May 20, 2026. Agarwal cited personal reasons as the cause for his departure and has confirmed there are no material reasons, disputes, or concerns relating to the company's affairs or management. He has also confirmed he is not disqualified under the Companies Act, 2013 and there are no pending dues or liabilities between himself and the company. As a result, he will cease to be a member of the Board of Directors and all its committees. The company has expressed gratitude for his guidance and valuable contribution during his tenure.
The sudden resignation of the Chairperson may create a leadership vacuum and raise concerns among investors about governance stability, though the company has cited personal reasons with no underlying disputes.