USHAMART: Usha Martin Limited has informed the Exchange regarding Resignation of Mr. Tapas Gangopadhyay as Non- Executive Director of the company w.e.f. close of business hours of April 30, 2025.
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Mr. Tapas Gangopadhyay (DIN: 10122397) has retired from his executive role as Director – Sales & Marketing of the Usha Martin Group, effective close of business on April 30, 2025. Consequently, he has also stepped down as a Non-Executive Director on the board of Usha Martin Limited. He has additionally resigned from the boards of subsidiaries, including material subsidiaries Usha Siam Steel Industries Public Company Limited and Usha Martin UK Limited. The company has placed on record its appreciation for his contributions during his tenure. The resignation letter was received on April 30, 2025, at 12:12 pm IST.
This is a routine, pre-planned retirement and is unlikely to have a material impact on the stock price. Shareholders should note the simultaneous exit from material subsidiaries, which may lead to minor board-level transitions in those entities.