Websol Energy System Announces Director Resignation Details
Websol Energy System Limited confirmed the resignation of Mrs. Ritu S. Jain from her role as an Independent Director. The company stated that the decision followed discussions regarding her professional commitments and time constraints.The process for the resignation involved management discussions concerning Mrs. Jain's continuation on the Board, acknowledging her expertise, before she conveyed her inability to continue in the said role and formally requesting the Management to accept her resignation.
The documentation shows that Mrs. Ritu S. Jain submitted her resignation letter dated April 4, 2025, addressing the Board of Directors of Websol Energy System Limited. In this letter, she tendered her resignation from the position of Independent Director with effect from close of business hours on April 4, 2025.
However, the company received the formal intimation of the resignation on April 8, 2025. Websol Energy System Limited stated that per Section 168 (2) of the Companies Act, 2013 and Rules made thereunder, the resignation of a director takes effect from the date notice is received by the Company or the date specified by the director on the notice, whichever is later. Consequently, the effective date of the resignation was determined to be April 8, 2025.
Mrs. Jain further confirmed that as of the date of her resignation, she did not hold any directorship in any listed Company.
A summary of the resignation dates and effective date is provided below:
| Detail | Date Mentioned |
|---|---|
| Resignation Letter Date | April 4, 2025 |
| Intimation Received Date | April 8, 2025 |
| Effective Date | April 8, 2025 |
Websol Energy System Limited assured that all material information will be communicated in due course.
WEBELSOLAR Stock Price Movement
Shares of Websol Energy System Limited are edging higher to ₹77.19 as of 12:50 PM today, rallying by 1.31% on intraday momentum. The stock continues to draw significant attention, processing a volume of 3.93 million shares in active trading.Source:
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