Aurique accepts Bhargavi Dilipbhai Gupta resignation as Independent Director

1 min read Updated on 01 Aug 2026, 05:54 PM

Reviewed by

Riya DScanX News Team

AI Summary

Aurique Limited accepted Bhargavi Dilipbhai Gupta's resignation as Independent Director effective August 1, 2026, due to personal reasons. She concurrently steps down as Audit Committee Chairperson and member of two other key committees. The move requires the Board to appoint a successor to maintain governance compliance.

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Aurique Limited (formerly PAE Limited) has accepted the resignation of Bhargavi Dilipbhai Gupta as an Independent Director, effective August 1, 2026. The Board of Directors approved the resignation after Ms. Gupta cited personal reasons for her departure, confirming that there are no other material reasons associated with her exit. This change impacts the composition of the company’s key statutory committees, as Ms. Gupta also steps down from her roles within the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

The resignation was formally intimated to the BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, dated August 1, 2026, was signed by Sarah Eugene Kantharia, Company Secretary and Compliance Officer of Aurique Limited. The company disclosed that Ms. Gupta’s relieving date is fixed as August 1, 2026, after working hours.

Ms. Gupta served as the Chairperson of the Audit Committee and held membership in both the Stakeholders Relationship Committee and the Nomination & Remuneration Committee. Her departure necessitates the Board to appoint a replacement Independent Director to maintain compliance with corporate governance norms regarding committee composition and independence requirements.

In her resignation letter, Ms. Gupta expressed gratitude for the opportunity to serve on the Board and stated that she believes the company is poised for further growth. She confirmed adherence to all necessary formalities and disclosures under the Companies Act, 2013.

Committee Roles Vacated

The following table outlines the specific board committee positions vacated by Bhargavi Dilipbhai Gupta upon her resignation:

Committee Name	Previous Role	Status
Audit Committee	Chairperson	Vacated
Nomination & Remuneration Committee	Member	Vacated
Stakeholders Relationship Committee	Member	Vacated

Regulatory Disclosures

The disclosure includes Annexure-A details as required under Regulation 30-Part A of Schedule III and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing confirms that Ms. Gupta provided a letter of resignation with detailed reasons and confirmation that no other material reasons exist. The company has also noted the other listed entities where Ms. Gupta holds directorships, as detailed in her resignation annexure.

Who is the likely candidate to replace Ms. Gupta as Chairperson of the Audit Committee, and what qualifications will Aurique prioritize for this critical role?

How might the interim vacancy in key statutory committees impact Aurique's upcoming quarterly audit timelines or regulatory compliance filings?

Could this leadership change signal broader strategic shifts or internal governance reviews within Aurique Limited beyond the stated personal reasons?

Regulatory Compliance

The intimation was submitted pursuant to Regulation 30 and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated this achievement to The BSE Limited, providing the necessary details regarding its shareholding structure.