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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Sinnar Bidi Udyog Ltd has informed the stock exchanges of two resignations disclosed under SEBI Listing Regulations. Mr. Vijay Bankatlal Malpani (DIN: 09708152) has stepped down as an Independent Director effective end of business on 28th February 2026, citing pre-occupation as the reason. Ms. Pratiksha Shah (Membership No: A57487) has resigned as Company Secretary and Compliance Officer effective end of business on 14th February 2026 itself. Both have confirmed there are no other material reasons for their exit beyond what is stated in their resignation letters.
The company will need to fill two important positions — an Independent Director and a Company Secretary/Compliance Officer — in the coming weeks. While neither resignation flags governance concerns, the simultaneous loss of a board member and the compliance officer may create short-term administrative gaps for the small-cap company.