The Grob Tea Company Limited has informed the Exchange regarding Resignation of Balkrishna Singhania as Independent Director of the company w.e.f. May 14, 2026.
GROBTEA · price
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Mr. Balkrishna Singhania has tendered his resignation as Independent Director of The Grob Tea Company Limited with effect from close of business hours on May 13, 2026. The resignation cites personal reasons and other commitments. Consequently, he will also cease to be a member of the Audit Committee and Nomination & Remuneration Committee. The Board has expressed appreciation for his valuable contribution during his tenure. Singhania has confirmed that there are no material reasons for his resignation beyond those stated. He does not hold any other listed company directorships.
The departure of an Independent Director reduces board independence and removes a member from key committees. While the resignation cites personal reasons with no material issues confirmed, it creates a governance gap that the company will need to address by appointing a new Independent Director.