Tulsi Extrusions Limited has informed the Exchange regarding Resignation of Mr Aditya Rungta as Non- Executive Independent Director of the company w.e.f. May 12, 2025.
Awaiting price reaction for this filing.
Tulsi Extrusions Limited has informed the stock exchanges that Mr. Aditya Rungta (DIN: 02414611) has resigned as a Non-Executive Independent Director of the company, effective from the close of business hours on May 12, 2025. The reason cited is 'certain unavoidable circumstances,' with no further specifics provided, and Mr. Rungta has confirmed there are no other material reasons for his departure. Mr. Rungta also holds directorships in several other listed and unlisted entities, including Iberia Pharmaceuticals India, Barflex Polyfilms, and Z-Tech (India). The resignation letter has been enclosed as Annexure-B with the filing.
The exit of one independent director is a routine board change, though the vague reason for resignation may raise minor questions among investors. No direct impact on the company's operations or financials is indicated, but shareholders may want to monitor whether a replacement is appointed soon to maintain board composition requirements.