Intimation of Resignation by Sh. Atul Kumar Garg, Whole-time Director (DIN: 00250868)

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AI summary

Mr. Atul Kumar Garg (DIN: 00250868) has resigned as Whole-time Director of Standard Surfactants Ltd, effective from the close of business hours on 2 June 2026. He cited advancing age and other personal preoccupations requiring his attention, stating he could no longer devote sufficient time to the company's affairs. The company confirmed there are no other material reasons behind the exit, and Mr. Garg does not hold directorships in any other listed entity. Another Whole-time Director (Ankur Garg) continues to remain on the board, so day-to-day management is not immediately disrupted.

Likely market impact

For shareholders, this is a routine, non-controversial leadership change. The exit is voluntary and age-driven with no governance red flags, and since another Whole-time Director remains, operational continuity is maintained. Short-term stock impact is expected to be negligible.