PPAP Automotive Reports on Resignation of Independent Director Ms. Celine George
PPAP Automotive Limited has issued a notice regarding the resignation of Independent Director Ms. Celine George. The company stated that follow-up actions were taken to secure confirmation from the director regarding any material reasons for her resignation.The company noted that in relation to the Director’s resignation, PPAP Automotive Limited had requested Ms. Celine George to provide written confirmation that there were no material reasons for the resignation other than those already detailed in her resignation letter.
As of the date of the report, PPAP Automotive Limited confirmed that it has not received the said confirmation from Ms. Celine George, despite making follow-up reminders. The company reiterated that it has no information or knowledge of any other material reasons for the resignation of the director, apart from those that have already been disclosed to the Stock Exchange(s).
The company added that it would provide an update to the Stock Exchange(s) should the confirmation be received from Ms. Celine George.
PPAP Stock Price Movement
Today, PPAP Automotive Limited shares shed 1.43% after closing at ₹209.74. The stock traded on a volume of 7,409 shares, having ranged between a low of ₹208.68 and a high of ₹216 during the session.Source:
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