Darjeeling Industries Limited has officially informed BSE Limited about the resignation of Mr. Pradeep Sutodiya from his position as Non-Executive and Independent Director, effective April 15, 2026. The company, formerly known as Darjeeling Ropeway Company Limited, submitted the regulatory filing in compliance with SEBI requirements.

Resignation Details

Mr. Sutodiya submitted his resignation due to personal reasons, specifically citing his inability to devote adequate time to the company. In his resignation letter, he expressed gratitude to the board of directors for the opportunity to serve and acknowledged his positive experience working with the company.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. As part of regulatory requirements, Mr. Sutodiya confirmed that no other material reasons exist for his resignation beyond those mentioned in his resignation letter.

Director's Background and Commitments

According to the regulatory filing, Mr. Pradeep Sutodiya holds no directorships in other listed entities and has no membership in board committees of other listed companies. The resignation letter was formally submitted with detailed reasons for departure, confirming the absence of any material reasons beyond personal circumstances.

Company Leadership

Darjeeling Industries Limited, incorporated in 1936, operates from its registered office at 104, Floor-1, Shreeji Darshan, Tata Road No. 2, Roxy Cinema Opera House, Girgaon, Mumbai - 400004. The regulatory filing was signed by Managing Director Ashok Dilipkumar Jain (DIN: 03013476), who digitally signed the document on April 15, 2026.

The resignation represents a change in the company's board composition, with the departure of an independent director who had been contributing to the company's governance structure. The company has taken the resignation on record and completed all necessary regulatory notifications to the stock exchange.

Darjeeling Industries Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations on April 10, 2026. The certificate was issued by Purva Sharegistry (India) Private Limited, which serves as the company's Registrar and Share Transfer Agent (RTA). This quarterly filing ensures compliance with depositories and participants regulations governing share dematerialization processes.

Certificate Details and Confirmations

Purva Sharegistry confirmed that all securities received from depository participants for dematerialization during the quarter were processed according to prescribed timelines. The RTA verified that security certificates received for dematerialization were properly mutilated and cancelled after due verification by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners within the mandated timeframes.

Dematerialization Activity Summary

The detailed quarterly report reveals no dematerialization activity during the period:

Company Information

Darjeeling Industries Limited, formerly known as Darjeeling Ropeway Company Limited, operates under CIN L45202MH1936PLC294011. The company is headquartered at 104, Floor-1, Shreeji Darshan, Tata Road No. 2, Roxy Cinema Opera House, Girgaon, Mumbai – 400004. Ashok Dilipkumar Jain serves as Managing Director with DIN 03013476.

Regulatory Framework

The submission fulfills requirements under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates quarterly confirmation certificates from RTAs regarding dematerialization processes, ensuring transparency and proper record-keeping in securities transactions. The filing demonstrates the company's commitment to maintaining regulatory compliance and proper corporate governance standards.