Visagar Polytex Limited has informed the Exchange regarding Board meeting held on Jun 10, 2025. for noting of retirement of Mr. Dhruv Ajani
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Visagar Polytex Limited informed the exchanges that its Board of Directors, at a meeting held on June 10, 2025 (5:30 PM to 6:00 PM), noted the retirement of Mr. Dhruv Ajani (DIN: 10821437) from his position as Additional (Executive) Director, effective the same day. No brief profile or further details about the retirement were disclosed in the annexure. The intimation was signed by Managing Director Tilokchand Kothari (DIN: 00413627) under Regulation 30 of the SEBI Listing Regulations.
An Executive Director seat on the board has fallen vacant, which is a minor negative governance signal. Shareholders should watch for any forthcoming intimation regarding a replacement appointment and clarity on whether the role will be filled.