Resignation of Mr. Vijay Bankatlal Malpani as an Independent Director of the company with effect from the close of business hours on 28th February 2026
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Mr. Vijay Bankatlal Malpani (DIN: 09708152) has resigned as an Independent Director of Sinnar Bidi Udyog Ltd with effect from the close of business hours on 28th February 2026. The reason cited is personal pre-occupation, and the director has confirmed there are no other material reasons for his resignation. Mr. Malpani was a member of the Audit Committee and the Nomination and Remuneration Committee, and he does not hold directorship in any other listed company. The filing is the company's response to a BSE query seeking additional details under the SEBI circular dated November 11, 2024, following an earlier intimation dated 14th February 2026.
This is a routine single independent director exit due to personal pre-occupation with no governance red flags, so the impact on shareholders is minimal. The company will need to fill the vacancy on the Audit Committee and Nomination and Remuneration Committee within the timelines required under SEBI/Companies Act rules.