Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) has tendered his resignation as an Non-Executive ....
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Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) has resigned as Non-Executive Independent Director of Riddhi Steel and Tube Ltd, effective 30th June 2025. In his resignation letter, he cited personal reasons and pre-occupation in other activities, and confirmed there are no other material reasons for his departure. He holds Independent Director positions on six other listed companies, including Sambhaav Media, K.S. Oils, Shah Foods, Metroglobal, Mahalaxmi Rubtech, and Riddhi Siddhi Gluco Biols. The Board recorded appreciation for his contributions during his tenure.
This is a routine change at the board level with no stated governance concerns. Shareholders should note the vacancy, as the company will need to fill the Independent Director position to maintain statutory board composition requirements. Minimal direct impact on stock price is expected.