Sahyadri Industries Ltd Reports Independent Director Resignation
Sahyadri Industries Limited announced the resignation of Mr. Shrikant Balkrishna Malegaonkar as an Independent Director, effective April 6, 2026. The resignation was submitted due to personal reasons and health issues.Following his departure from the Board, Mr. Shrikant Balkrishna Malegaonkar will also cease to hold memberships and chairmanships in several key company committees, effective the same date. These roles include the Audit Committee, the Corporate Social Responsibility Committee, the Nomination and Remuneration Committee, and the Stakeholder's Relationship Committee of the Company.
The details surrounding the change are documented in the company's reports. The resignation confirms that there are no material reasons for the departure other than those stated.
The company provided the following confirmation regarding the director's details:
| Particulars | Details |
|---|---|
| Name of Director/KMP | Mr. Shrikant Balkrishna Malegaonkar |
| Reason for change | Resignation as the Independent Director (Non-Executive) due to personal reasons and health issues. |
| Date of cessation | April 6, 2026 |
Additionally, in a submission detailing directorships in listed entities, it was noted that Mr. Shrikant Balkrishna Malegaonkar holds no directorships in any other listed companies, with NIL reported across all categories.
SAHYADRI Stock Price Movement
At the close of trade, shares of Sahyadri Industries Limited slipped by 0.03% to settle at ₹216.86. The equity found itself trading within a noticeable intraday band, fluctuating between ₹210.16 and ₹224.98.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.