The designation of Mr. Vinod paremal has been changed from executive director to Non executive director. Subsequently, the resignation of Mr. Vinod Paremal from the post of Managing Director ....
Awaiting price reaction for this filing.
Insilco Limited, which is already under voluntary liquidation since June 2021, has accepted the resignation of Mr. Vinod Paremal (DIN: 08803466) from the post of Managing Director effective 09th October 2025. His designation was also changed from Executive Director to Non-Executive Director on the same date, citing personal preoccupations as the reason for stepping down from executive responsibilities. He will continue on the board as a Non-Executive Director from 10th October 2025. The filing also notes that Mr. Paremal is not related to any other director and holds no shares in the company.
Since the company is already under voluntary liquidation, this leadership change is largely procedural and is unlikely to have a material impact on shareholders or the stock price. It does, however, leave the Managing Director position vacant, which may be relevant for the liquidation process going forward.