Royal India Corporation Ltd Sees Executive Director Ikerath Joseph Sam Step Down
Royal India Corporation Ltd announced the resignation of Mr. Ikerath Joseph Sam from the post of Executive Director (Business Development and Marketing). The director's departure from the Company's Board of Directors was effective from April 16, 2026, following his submission of a resignation letter.Mr. Sam stated that his resignation is due to other commitments and his desire to pursue other opportunities. In his resignation communication, he wished the Board and the Promoters well for their future endeavors. Mr. Sam also indicated his availability for one month to complete any required handover assistance.
The Company confirmed that Mr. Sam has stated there are no material reasons for his resignation other than those detailed in his letter.
The details regarding the change in directorship are summarized below:
| Particulars | Details |
|---|---|
| Name | Mr. Ikerath Joseph Sam |
| Role | Executive Director (Business Development and Marketing) |
| Reason for Change | Resignation from the Board of the Company |
| Date of Cessation | April 16, 2026, after the closure of business hours |
| Shareholding in the Company | NIL |
| Other Material Reasons | Mr. Ikerath Joseph Sam confirmed there are no other material reasons for his resignation beyond those mentioned. |
Stock Price Movement
Royal India Corporation Ltd. concluded the day up 4.90%, settling at ₹7.07 today. Shares spent the trading day navigating a relatively tight range, bouncing between a low of ₹6.78 and a high of ₹7.07.Source:
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