The Board of Directors at its meeting held today i.e. 07.06.2025 considered and approve the following: 1. Appointment of Mr. Raja Kantilal Minesh 2.To take note of Resignation of Mrs. ....
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Royal India Corporation's Board met on June 7, 2025 and approved the appointment of Mr. Raja Kantilal Minesh as an Additional Non-Executive Independent Director. Mr. Minesh brings over 39 years of experience in accounting and management. Separately, Mrs. Vaishali Baria resigned as Independent Director citing preoccupation elsewhere, with no other material reasons disclosed. Following these changes, the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and CSR Committee have all been reconstituted with the new director taking chairperson roles on the Audit and NRC committees.
This is routine board housekeeping with no impact on operations or financials. An independent director exit and replacement, plus committee reconstitution, generally has no material effect on the stock price or shareholder value.