Announced Sat, 28 Mar · 15:26 IST

Intimation of Resignation of Mr. Chand Rameshbhai Kanabar, Independent Director as attached herewith.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹26.75
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2+4.7+15.3+21.1+27.1+38.4+40.2+42.1+41.3
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AI summary

Mr. Chand Rameshbhai Kanabar (DIN: 10706050) has resigned from the post of Independent Director of Riddhi Display Equipments Ltd, effective from March 28, 2026, citing personal reasons. He also stepped down as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, as well as a member of the IPO Committee. The director confirmed there is no other material reason for his exit. He continues to serve as Independent Director on the boards of Accretion Pharmaceuticals Ltd and Curis Lifesciences Ltd.

Likely market impact

This is a routine independent director exit due to personal reasons with no governance concerns flagged, so it is unlikely to materially affect the stock. Shareholders may watch for timely appointment of a replacement independent director to maintain board and committee composition requirements.