We would like to inform you that, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of the said regulations, we ....
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Shiv Texchem Ltd has informed the stock exchange that Mr. Rajen Hemchand Gada (DIN: 01642360) has resigned from the position of Non-Executive Independent Director, effective 11th February 2026. He cited personal reasons for stepping down and confirmed there are no other material reasons behind his departure. The Board, at its meeting on 16th February 2026, attempted to persuade him to reconsider, but the discussions were unsuccessful. Mr. Gada also serves as an Independent Director on Shemaroo Entertainment Limited, where he chairs both the Audit Committee and the Nomination and Remuneration Committee. The company has attached his resignation letter and the required disclosure annexure as per SEBI LODR regulations.
This is a routine board-level change with no governance red flags, as the resigning director has confirmed no material issues. Shareholders may want to monitor whether a replacement Independent Director is appointed soon to maintain board composition compliance, but there is no immediate negative implication for the stock.