Aditya Infotech Announces Resignation of Director Atul B. Lall Amid Change in Nominee Rights
Aditya Infotech Limited announced that Mr. Atul B. Lall, Director, has resigned from his position as Non-Executive Non-Independent Director. The resignation, effective May 25, 2026, was reported due to the cessation of nomination rights held by Dixon Technologies (India) Limited (DTIL) on the company's Board.The Board of Directors and the Nomination & Remuneration Committee took note of the resignation on May 25, 2026. Mr. Lall, who was representing DTIL, stepped down from the Board of the Company.
The change in directorship was attributed to a reduction in DTIL’s shareholding, which curtailed its right to nominate a Director on the Board. According to the company records, DTIL sold 44,95,880 equity shares on February 25, 2026. This divestment led to DTIL's shareholding dropping from 6.20% to 2.38% of the paid-up equity share capital of Aditya Infotech Limited. As a result, DTIL ceased its right to appoint a Director, necessitating Mr. Lall's withdrawal from the Board.
Key details regarding the change in the directorship are provided below:
| Particulars | Details Regarding Resignation of Mr. Atul B. Lall |
|---|---|
| Director Name | Mr. Atul B. Lall (DIN: 00781436) |
| Position | Non-Executive Non-Independent Director (Representative of DTIL) |
| Date of Cessation | From closure of business hours on May 25, 2026 |
| Reason for Change | Cessation of DTIL's nomination rights. Following the sale of 44,95,880 equity shares on February 25, 2026, DTIL's shareholding reduced from 6.20% to 2.38% of the paid-up equity share capital, thus ceasing its right to appoint a Director. |
CPPLUS Stock Price Movement
Today, Aditya Infotech Limited shares edged higher to close at ₹2556.1, securing a substantial 5.55% gain after a strong session. The equity hit its 52-week high of ₹2602 today, backed by significant trading volume of 530,738 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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