Newtrac Foods & Beverages Ltd Announces Resignation of Independent Director Mr. Drumil Ashok Gandhi
Newtrac Foods & Beverages Ltd, formerly known as Markobenz Ventures Limited, has confirmed the resignation of its Independent Director, Mr. Drumil Ashok Gandhi. The departure is effective from the close of business hours on July 30, 2026.The company stated that the Board of Directors took note of the resignation and expressed sincere appreciation for the valuable guidance, support, and contribution provided by Mr. Gandhi during his tenure as an Independent Director.
Mr. Gandhi submitted his resignation citing increasing personal and professional commitments which require his dedicated attention. In his notice, he confirmed that there were no material reasons other than those stated for stepping down from the role.
A summary of the details concerning the resignation is provided below:
| Detail | Information |
|---|---|
| Director Resigning | Mr. Drumil Ashok Gandhi (DIN: 09766106) |
| Designation | Independent Director |
| Effective Date of Cessation | July 30, 2026 |
| Reason for Resignation | Increasing personal and professional commitments requiring dedicated attention. |
| Directorships Held | NIL (No other listed entities noted) |
Stock Price Movement
Newtrac Foods & Beverages Ltd settled at ₹2.57 on Friday, with shares shedding 9.51%. The equity traded within a significant intraday range, reaching a high of ₹3.03 and touching a low of ₹2.56.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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