Ritco Logistics Limited has informed the Exchange regarding Resignation of Ms Shweta Jain as Non- Executive Independent Director of the company w.e.f. May 05, 2026.
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Ms. Shweta Jain has tendered her resignation as Non-Executive Independent Director of Ritco Logistics Limited, effective from close of business hours on May 5, 2026. The reason cited is unavoidable preoccupations in her professional life. She confirmed there are no other material reasons behind her resignation. Ms. Jain also served as an Independent Director on the boards of Jayant Agro-Organics Limited and Ballarpur Industries Limited. The Board has expressed appreciation for her contributions during her tenure with the company.
The resignation reduces the Board's independent director count, which may raise governance concerns for investors. The company will need to appoint a replacement to maintain compliance with SEBI's requirements for at least 50% independent directors for a listed company.