Riddhi Display Equipments Limited Announces Resignation of Independent Director
Riddhi Display Equipments Limited has formally announced the resignation of Independent Director Mr. Chand Rameshbhai Kanabar, effective March 28, 2026. The resignation, submitted on March 23, 2026, was attributed to personal reasons, with Mr. Kanabar confirming no other material reasons for his departure. His resignation results in the cessation of his roles as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, as well as his membership in the IPO Committee.
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Riddhi Display Equipments Limited has announced the resignation of Mr. Chand Rameshbhai Kanabar from his position as Independent Director, effective March 28, 2026. The company informed BSE Limited about this development under Regulation 30 of SEBI (LODR) Regulations, 2015.
Resignation Details
Mr. Kanabar submitted his resignation letter on March 23, 2026, citing personal reasons for his departure from the board. The company has accepted his resignation with effect from March 28, 2026, after the closing of business hours. In his resignation letter, Mr. Kanabar confirmed that there are no other material reasons for his resignation beyond the personal reasons stated.
| Particulars: | Details |
|---|---|
| Director Name: | Mr. Chand Rameshbhai Kanabar |
| DIN: | 10706050 |
| Resignation Date: | March 23, 2026 |
| Effective Date: | March 28, 2026 |
| Reason: | Personal reasons |
Committee Positions
With his resignation, Mr. Kanabar will cease to hold several key positions within the company's governance structure. He served as Chairman of multiple committees and was also a member of the IPO Committee.
| Committee: | Position |
|---|---|
| Audit Committee: | Chairman |
| Nomination and Remuneration Committee: | Chairman |
| Stakeholders Relationship Committee: | Chairman |
| IPO Committee: | Member |
Other Directorships
As disclosed in the resignation documentation, Mr. Kanabar holds directorships in other listed entities with significant committee responsibilities.
| Company Name: | Position | Committee Roles | Shareholding |
|---|---|---|---|
| Golden Sparrow Consultancy Private Limited: | Non-Executive Director | NA | 50% |
| Accretion Pharmaceuticals Limited: | Independent Director | Audit, NRC, SRC - Chairman | Nil |
| Curis Lifesciences Limited: | Independent Director | Audit - Member, NRC & SRC - Chairman | Nil |
Regulatory Compliance
The resignation has been processed in accordance with Regulation 30(6) read with Para A(7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company's Managing Director, Shailesh Ratilal Pipaliya, signed the intimation letter to BSE, ensuring proper regulatory disclosure of this board change.
Mr. Kanabar expressed gratitude to the Board, management, and fellow directors for their support and cooperation during his tenure, wishing the company continued success in the future.
Historical Stock Returns for Riddhi Display Equipments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.07% | -9.00% | -26.32% | -63.16% | -63.16% | -63.16% |
How will Riddhi Display Equipments restructure its board committees given that Mr. Kanabar chaired three key governance committees?
What impact might the loss of an experienced independent director have on the company's upcoming IPO plans?
Will the company need to expedite its search for new independent directors to maintain regulatory compliance ratios?
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