SANGAMINDNSESangam (India) Limited· Textiles - SyntheticMediumNegative
Announced Tue, 5 May · 17:52 IST

Sangam (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP

Management Changes View source PDF

SANGAMIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹529.00
prior close
₹534.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.5-1.4-1.4-2.2-0.5-1.1-2.6-6.5-2.5-6.4-3.0-1.3+4.8
Up moveDown movePending
AI summary

Mr. Sudhir Maheshwari (DIN: 02376365) has resigned from the Board of Sangam (India) Limited as Non-Executive Independent Director effective close of business on 4th May, 2026. The reason stated is personal reasons. In addition to his Board position, he also ceased to be Chairman of the Stakeholders' Relationship Committee and a Member of the Audit Committee. The company has obtained confirmation from Mr. Maheshwari that there are no material reasons for his resignation beyond the stated personal ones. He also serves as a Professional Director at JSW Cement Limited. The company filed this disclosure under Regulation 30 of SEBI Listing Regulations, 2015 on 5th May, 2026.

Likely market impact

The resignation reduces the Board's independence and leaves two key committee positions (Stakeholders' Relationship Committee and Audit Committee) vacant. Investors should monitor for replacement appointments, as prolonged vacancies in these committees may raise governance concerns.