Ritco Logistics Limited has informed the Exchange about Resignation of Director/KMP/SMP
RITCO · price
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Ms. Shweta Jain has resigned from her position as a Non-Executive Independent Director on the Board of Ritco Logistics Limited, effective from the close of business on 5th May 2026. She cited unavoidable preoccupations in her professional life and increased time commitments as the reasons for her departure. Shweta Jain confirmed there are no other material reasons behind her resignation. She holds independent directorships at Jayant Agro-Organics Limited and Ballarpur Industries Limited. The company will need to fill this vacancy on the board in compliance with the Companies Act requirements for independent directors.
This resignation reduces the board's independent oversight at a mid-cap logistics company. Investors should watch for the appointment of a replacement independent director, as this is a regulatory requirement and affects corporate governance standards.