Resignation of Mr. Navnish Mittal as non-executive Independent Director w.e.f. Closure of Business hours on 01st September,2025
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Riba Textiles Ltd has informed the stock exchanges that Mr. Navnish Mittal (DIN: 07270772) has resigned from the position of Non-Executive Independent Director effective from the close of business hours on September 1, 2025. He also stepped down as Chairman of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and CSR Committee. The reason cited is pre-occupation and other personal commitments. The company confirmed there are no material reasons for his departure beyond those stated in his resignation letter. He does not hold directorships in any other listed entity.
This is a routine, non-controversial resignation of one independent director due to personal reasons with no governance red flags. For shareholders, this means the board will need to fill the independent director vacancy to comply with SEBI's minimum board composition requirements, but there is no immediate negative impact on the stock.