Mitshi India Ltd Accepts Resignations of Two Additional Non-Executive Independent Directors
Mitshi India Limited, formerly known as Dera Paints & Chemical Limited, has accepted the resignations of two of its Additional Non-Executive Independent Directors. The Board of Directors confirmed the cessation of Mrs. Bijal Yogesh Durgavale and Mrs. Sheetal Bhavin Nagda, effective from the close of business hours on July 22, 2026.The company noted that both directors submitted their resignations citing other professional commitments. The Board formally accepted the departures and recorded its sincere appreciation for the contributions made by both individuals during their tenure with the Company.
Director Cessation Details
The resignation of Mrs. Bijal Yogesh Durgavale (DIN- 07403891) and Mrs. Sheetal Bhavin Nagda (DIN- 07179841) was accepted by the Board in its meeting held on July 22, 2026.Key details regarding the resignations are summarized below:
| Director Name | Date of Cessation | Reason for Resignation |
|---|---|---|
| Mrs. Bijal Yogesh Durgavale | Close of business hours of July 22, 2026 | Other professional commitments |
| Mrs. Sheetal Bhavin Nagda | Close of business hours of July 22, 2026 | Other professional commitments |
External Directorships Held by Resigning Directors
The details regarding the directorship and committee memberships held by both directors in other listed entities have been disclosed as follows:Mrs. Bijal Yogesh Durgavale (DIN- 07403891)
Mrs. Durgavale holds a Directorship at HCKK Ventures Limited and is a member of several committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee for HCKK Ventures Limited. She also confirmed that there were no material reasons for her resignation other than those stated in her resignation letter.
Mrs. Sheetal Bhavin Nagda (DIN- 07179841)
Mrs. Nagda holds a Directorship at Oriental Rail Infrastructure Limited and is associated with several committees, including the CSR Committee of Oriental Rail Infrastructure Limited. Additionally, she serves as an Independent Director for Oriental Rail Infrastructure Limited and Azad India Mobility Limited, holding committee memberships in the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee across both entities. Like Mrs. Durgavale, she confirmed that there were no material reasons for her resignation beyond those mentioned in her letter.
Stock Price Movement
As of 13:16, Mitshi India Ltd is ticking down slightly, currently trading at ₹14.00 after shedding 0.92%. The share has experienced substantial volatility today, having hit its low mark of ₹14.00 after reaching an intraday high of ₹14.93.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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