AVSL Industries has clarified to the National Stock Exchange that the omission of the Company Secretary's resignation letter in a prior disclosure was a clerical error with no material impact on public information. The company submitted the explanation on June 17, 2026, regarding the resignation of CS Danish Mehra, which was effective February 28, 2026. The firm stated that the failure to attach the document was due to a lack of personnel handling compliance matters immediately following the resignation.

The initial disclosure regarding the resignation was submitted on February 25, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. While the resignation letter was not attached at that time, the company emphasized that the reason for the resignation—personal reasons—was correctly disclosed in the corporate announcement. AVSL Industries asserted that the submitted disclosure was based strictly on the contents of the resignation letter and that no other material facts were withheld from the exchange.

In its communication, the company highlighted that the omission does not lead to any discontinuity or alteration of information already available in the public domain. It further stated that the clerical nature of the error would not cause any significant market reaction. The resignation letter, dated February 9, 2026, has since been attached to the regulatory filing as Annexure A.

The company requested that the exchange take the explanation on record and refrain from taking any adverse action against the company, its promoters, or its directors. It specifically asked that no fines or penalties be levied regarding the procedural lapse. The resignation was formally accepted by the Managing Director on February 25, 2026, as per the attached document.

Key Details of Resignation

Mr. Sugreev Singh and Mr. Dharendra Sangal have ceased to be Independent Directors of AVSL Industries Limited effective June 11, 2026, following the completion of their respective terms. The resignations were tendered with effect from the close of business hours on the said date. The company disclosed that there were no material reasons for the resignations other than the completion of their tenures.

The Board of Directors and the management acknowledged the contributions of Mr. Sugreev Singh (DIN: 07546239) and Mr. Dharendra Sangal (DIN: 06817663) during their association with the company. The disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The following table outlines the key particulars regarding the change in directorship:

Both directors confirmed in their resignation letters that they had no other material reasons for stepping down aside from the end of their appointments. They also expressed appreciation for the support received from the Board and management during their tenure.