Pennar Industries Reports Resignation of Non-Executive Non-Independent Director
Mr. P V Rao has tendered his resignation as a Non-Executive Non-Independent Director of Pennar Industries Limited, effective from April 11, 2026.The resignation notice confirms that Mr. P V Rao, whose Director Identification Number (DIN) is 03157581, stepped down from the Board of Directors with effect from April 11, 2026. The stated reason for the change in directorship is unavoidable personal situations, with no other material reasons cited beyond those mentioned in the resignation letter.
The details of the change are summarized as follows:
| Particulars | Details |
|---|---|
| Reason for Change | Mr. P V Rao tendered his resignation as Non-Executive Non-Independent Director due to unavoidable personal situations; no other material reasons are stated. |
| Date of Cessation | April 11, 2026 |
The resignation letter provided additional context regarding Mr. P V Rao's tenure with the Pennar Group. He joined in January 2008 as the Head and first employee of Pennar Engineered Building Systems. His journey in executive leadership concluded in early 2021, when he stepped down as Joint Managing Director of Pennar Industries.
PENIND Stock Price Movement
Today, Pennar Industries Limited shares edged higher to close at ₹163.61, posting a 2.13% gain after settling in post-market trading. The stock saw significant interest, trading on a total volume of 471,101 shares during the session.Source:
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