Recode Studios accepts resignation of Independent Director Naveen Gupta
Recode Studios Limited accepted the resignation of Independent Director Naveen Gupta effective July 13, 2026, due to personal and professional commitments. Gupta also stepped down as Chairman of the Audit Committee. He confirmed there were no other material reasons for his departure.
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Recode Studios Limited has accepted the resignation of Mr. Naveen Gupta as an Independent Director, effective from the close of business hours on July 13, 2026. The resignation was submitted due to personal and professional commitments, with Gupta stating he may not be able to devote sufficient time to the role going forward. Consequently, he has also ceased to be the Chairman of the Audit Committee of the company with effect from the same date.
The company disclosed this development in a filing to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The confirmation was provided by Managing Director Dheeraj Bansal on behalf of recode studios .
Mr. Naveen Gupta, holding DIN 10449003, confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter dated July 13, 2026. The resignation was tendered via email and a formal letter addressed to the Board of Directors.
The following table details the key information regarding the change in directorship:
| Details of the Event | Information |
|---|---|
| Name | Mr. Naveen Gupta (DIN: 10449003) |
| Reason for change | Resignation as Independent Director |
| Date of cessation | Closure of business hours on 13th July, 2026 |
| Confirmation on material reasons | No other material reasons besides those stated |
In his resignation letter, Gupta requested the Board to file the necessary forms with the Registrar of Companies, Chandigarh, to give effect to the resignation. He expressed his gratitude to the Board for the opportunity and wished the company success.
Historical Stock Returns for Recode Studios
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.42% | -1.00% | -4.72% | -13.30% | -13.30% | -13.30% |
Who will Recode Studios appoint to fill the vacancy of Independent Director and Chair of the Audit Committee?
How will the sudden departure of the Audit Committee Chairman impact the company's upcoming financial reporting timelines?
Will the resignation trigger any review of internal controls or audit processes given the loss of an independent oversight leader?
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