Flexituff Ventures International Limited has intimated the resignation of Mr. Dharmendra Pawar from the position of Non-Executive Independent Director on its Board. The resignation is effective from August 5, 2026, following a letter submitted by Mr. Pawar citing personal and unavoidable circumstances.

Resignation Details

Mr. Pawar, identified by DIN 08068916, tendered his resignation vide letter dated August 5, 2026. Consequently, he ceases to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee effective immediately.

The company confirmed that there are no material reasons for the resignation other than those stated in Mr. Pawar’s letter. He does not hold directorships in any other listed entities.

Regulatory Compliance and Delay Clarification

The company disclosed a delay in uploading the PDF intimation to the BSE portal due to technical glitches, despite successfully uploading the XML file within the stipulated time. The document was initially uploaded to the NEAPS portal but failed on the BSE exchange system.

In a clarification letter dated August 18, 2026, the company stated that it was subsequently informed by the exchange that the document required fresh submission. The delay was described as inadvertent and unintentional, with immediate corrective action taken upon realizing the filing status.

The intimation was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III.

International Finance Corporation (IFC) has trimmed its investment in Flexituff Ventures , reducing its stake in the listed packaging solutions provider to 3.75% of the paid-up equity capital. The World Bank Group affiliate executed the reduction through a secondary market sale of 100,000 equity shares on July 31, 2026.

The transaction marks a decrease in IFC’s total holding from 1,329,491 shares to 1,229,491 shares. Prior to the sale, IFC held 4.05% of the company’s voting capital. Following the disposal, its position stands at 1,229,491 shares, representing 3.75% of the total equity. The paid-up equity capital of Flexituff Ventures remains unchanged at 32,822,806 shares.

Transaction Details

The sale was disclosed by Citibank N.A., acting as the authorized representative and custodian for IFC, in a filing dated August 14, 2026. The disclosure was submitted to the Corporate Relationship Department of the Bombay Stock Exchange in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

IFC is not part of the promoter or promoter group of Flexituff Ventures. The international financial institution noted in the filing that it is an organization established by articles of agreement among member countries, including India, and enjoys certain immunities and privileges under applicable law. The voluntary provision of this disclosure does not constitute a waiver of any such privileges.

What the Numbers Show

The reduction in IFC’s stake represents a straightforward portfolio adjustment rather than a strategic exit, as the institution retains a significant minority holding of nearly 4%. With no encumbrances, pledges, or convertible securities reported in the filing, the change reflects a pure cash-outflow event for the investor without altering the control structure or promoter influence within Flexituff Ventures. The total voting capital of the company remained static during the transaction period.