AMD Industries Limited has announced the resignation of Mr. Atul Gupta from his position as Independent Director, effective from close of business hours on April 6, 2026. The company informed both Bombay Stock Exchange and National Stock Exchange of India about this development through a regulatory filing dated April 7, 2026.

Resignation Details

Mr. Atul Gupta submitted his resignation letter on April 6, 2026, citing other commitments as the reason for his departure. The resignation takes immediate effect from the close of business hours on the same date. Following his resignation, Mr. Gupta will also cease to be a member of the Board Committees of the company.

Regulatory Compliance

The intimation has been filed in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to requirements under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Board's Acknowledgment

The Board of Directors has placed on record its appreciation for the valuable contribution and guidance provided by Mr. Atul Gupta during his association with AMD Industries Limited as an Independent Director. In his resignation letter, Mr. Gupta confirmed that there are no material reasons for his resignation other than the stated commitments.

Company Information

AMD Industries Limited is a manufacturer of crown caps, PET-preforms, plastic closures, bottles and jars. The company is ISO 9001-2015 and FSSC 22000 certified, with its registered office located at 18, Pusa Road, Karol Bagh, New Delhi. The intimation has been uploaded on the company's website at www.amdindustries.com for public access.

The filing was signed by Radha Shakti Garg, Company Secretary and Compliance Officer, ensuring all regulatory requirements are met following the directorial change.

AMD Industries has announced a landmark agreement with Meta for the supply of artificial intelligence chips, marking one of the largest semiconductor deals in recent industry history. The comprehensive partnership spans five years and carries a potential value of up to $60 billion.

Deal Structure and Financial Terms

The agreement establishes AMD as a key supplier of AI chips to Meta over the five-year period. The deal's structure allows for flexibility in procurement volumes while providing Meta with substantial supply security for its artificial intelligence infrastructure needs.

Strategic Partnership Components

Beyond the chip supply arrangement, the deal includes a significant strategic element that grants Meta the option to acquire up to 10% ownership in AMD. This component transforms the agreement from a traditional supplier relationship into a potential strategic partnership with equity participation.

Market Implications

The agreement represents a major commitment in the artificial intelligence semiconductor sector, providing AMD with substantial revenue visibility over the five-year term. For Meta, the deal secures access to critical AI chip supplies necessary for its technology infrastructure and artificial intelligence initiatives.

The partnership demonstrates the growing importance of AI chip supply chain security and the willingness of major technology companies to enter into long-term strategic arrangements to ensure component availability.