Ritco Logistics Independent Director Ms. Shweta Jain Resigns Effective May 5, 2026
Ritco Logistics Limited has disclosed the resignation of Independent Director Ms. Shweta Jain (DIN: 07872968), effective close of business hours on May 5, 2026, due to unavoidable preoccupations in her professional life. The filing was made under Regulation 30 of SEBI Listing Regulations, with Ms. Jain confirming no other material reasons for her departure. She held independent directorships at Jayant Agro-Organics Limited and Ballarpur Industries Limited.
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Ritco Logistics Limited has informed the stock exchanges of the resignation of Ms. Shweta Jain (DIN: 07872968) from her position as Independent Director of the company. The resignation, submitted vide her letter dated May 5, 2026, takes effect from the close of business hours on May 5, 2026. The intimation was filed in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026.
Reason for Resignation
Ms. Shweta Jain cited unavoidable preoccupations in her professional life as the reason for stepping down from her role. In her resignation letter addressed to the Board of Directors, she noted that her current professional commitments require more time and attention, leaving her with limited capacity to effectively fulfil her responsibilities as an Independent Director. She has also confirmed that there are no other material reasons for her resignation beyond those stated in her letter.
Key Details of the Board Change
The following details have been disclosed pursuant to Schedule III - Para A(7B) of Part A of the SEBI Listing Regulations:
| Parameter: | Details |
|---|---|
| Name of Director: | Ms. Shweta Jain |
| DIN: | 07872968 |
| Designation: | Independent Director |
| Reason for Change: | Resignation due to unavoidable preoccupations in professional life |
| Date of Cessation: | Close of business hours on May 5, 2026 |
| Confirmation of No Other Material Reason: | Confirmed by Ms. Shweta Jain |
Directorships and Committee Positions Held
As part of the mandatory disclosures, details of Ms. Shweta Jain's directorships and committee memberships in other listed entities have been provided:
| Listed Entity: | Category of Directorship | Committee Position |
|---|---|---|
| Jayant Agro-Organics Limited | Independent Director | Member – Nomination and Remuneration Committee; Chairman – Audit Committee, Corporate Social Responsibility Committee, and Stakeholders Relationship Committee |
| Ballarpur Industries Limited | Independent Director | NA |
Board's Acknowledgement
The Board of Directors and the management of Ritco Logistics Limited placed on record their sincere appreciation for the contributions made by Ms. Shweta Jain during her association with the company as Independent Director. The intimation has been uploaded on the company's website at www.ritcologistics.com . The filing was signed by Ms. Gitika Arora, Company Secretary and Compliance Officer, from Gurgaon.
Historical Stock Returns for Ritco Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.04% | +14.37% | +30.18% | -1.65% | -1.11% | +103.74% |
Who will Ritco Logistics appoint as a replacement Independent Director, and how quickly must the company comply with SEBI's minimum independent director composition requirements?
Could Ms. Shweta Jain's simultaneous resignation from Ritco Logistics signal potential changes in her committee roles at Jayant Agro-Organics Limited, where she holds multiple chairmanship positions?
How might the vacancy in Ritco Logistics' board composition affect the functioning of its audit and other key committees until a replacement is found?
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