This is to inform you that Mr. Sanjay Bansal Non- Executive Director of the Company has resigned from his Directorship due to personal reasons, which has been accepted by the management ....
SHIVALIK · price
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Mr. Sanjay Bansal (DIN 00121667) has resigned from the Board of Shivalik Rasayan Limited effective May 27, 2026. The resignation is cited due to personal and professional commitments. The company has confirmed there are no material reasons behind the exit beyond those stated. Mr. Bansal served as a Non-Executive Director and was a member of the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Risk Management Committee. He also holds a directorship at Medicamen Biotech Limited. The company has accepted the resignation from the close of business hours on May 27, 2026.
The departure of a Non-Executive Director who sat on multiple key committees may create a temporary gap in board oversight. However, since no material reasons were cited, the market impact is expected to be minimal unless further departures follow.