Intimation under Regulation 30 for Resignation of Mr. Umesh Chandra Sahoo as Executive Director and Ms. Rashi Saraf as Independent Director.
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Teesta Agro Industries has informed BSE that Mr. Umesh Chandra Sahoo, Executive Director (DIN: 00550108), resigned effective April 10, 2025, citing personal reasons. Separately, Ms. Rashi Saraf, Independent Director (DIN: 10125808), also resigned effective April 11, 2025, due to her marriage and relocation to another city. Both resignations cite personal, non-operational reasons, and the Independent Director has confirmed there are no other material reasons behind her exit. The remaining Whole Time Director, Mr. Paramdeep Singh (DIN: 00550824), continues in his role. The resignations will be formally noted at the next Board meeting.
Two board exits in quick succession may raise minor governance questions for retail investors, but since both cite purely personal reasons with no operational or audit-related concerns flagged, the near-term impact on the stock is likely limited. Investors should watch for timely board reconstitution.