Responsive Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP
RESPONIND · price
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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.4 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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Rishabh Agarwal (DIN: 05011607) has tendered his resignation from the positions of Director and Chairperson of Responsive Industries Limited, effective from the close of business on May 26, 2026. The resignation is stated to be for personal reasons, with no material concerns, disputes, or pending dues mentioned. Rishabh confirmed he is not disqualified under the Companies Act, 2013. Simultaneously, Aayush Agarwal has been appointed as the new Director and Chairperson effective the same date. Aayush holds a BBA degree with majors in Economics & Finance from the American University in Dubai and has approximately 10 years of diversified experience, including roles in sales, operational excellence, and digital transformation at the company. Both outgoing and incoming directors are classified as Non-Executive Non-Independent Directors related to the Promoter group, though the filing states the two directors are not related to each other.
This represents a change in leadership at the board level with a family succession element, as both directors are connected to the promoter group. Shareholders should monitor the transition given the simultaneous resignation and appointment of a new Chairperson.