Medi Caps Ltd Registers Resignations of Chairperson and Director Due to Health Concerns
Medi Caps Ltd announced that Mr. Ramesh Chandra Mittal and Mrs. Kusum Mittal have resigned from their directorship roles in the company due to personal health concerns. Both resignations are effective as of the close of business hours on August 6, 2026.The Board of Directors confirmed the receipt of these resignations. The company stated that both directors communicated that there were no material reasons for their departure other than those specified in their respective resignation letters. The resignation letters containing detailed reasons have been kept on record and are slated to be presented to the Board of Directors during an upcoming meeting for formal consideration and acceptance.
During their tenure, Medi Caps Ltd recognized the invaluable guidance and dedicated services rendered by both Mr. Mittal and Mrs. Mittal.
The details regarding the resignations are as follows:
| Director Name | Role Resigned From | Effective Date | Reason Cited |
|---|---|---|---|
| Ramesh Chandra Mittal | Chairperson and Non-Executive Non-Independent Director | Close of business hours, August 6, 2026 | Personal health concerns |
| Kusum Mittal | Non-Executive Non-Independent Director | Close of business hours, August 6, 2026 | Personal health concerns |
The company stated that the resignations were in accordance with their respective resignation letters.
Stock Price Movement
As of 13:22, Medi Caps Ltd. is edging higher, with shares ticking up 3.02% and reaching ₹26.95 per share. The stock is currently trading completely flat, as the high and low registered during this session are both locked at ₹26.95.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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