Announced Sat, 28 Mar · 15:35 IST

Please find attached Change in Director Intimation.

Management Changes View source PDF

Price

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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
timing
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

Riddhi Display Equipments Ltd has informed the stock exchange that Mr. Chand Rameshbhai Kanabar (DIN: 10706050) has resigned from the post of Independent Director, effective March 28, 2026. He cited personal reasons for his resignation and confirmed there are no other material reasons behind his departure. Along with the directorship, 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 company has accepted his resignation and filed the required disclosures with BSE under SEBI LODR regulations.

Likely market impact

This is a routine board-level change. The exit of a single independent director on personal grounds is not material to operations or financials, but it leaves key committee chair positions (Audit, NRC, SRC) vacant, which the company will need to fill soon to maintain regulatory compliance.