Alstone Textiles (India) Limited has announced a significant change in its Board composition with the resignation of an Independent Director. The company filed the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on December 23, 2025.

Director Resignation Details

Mr. Bhupendra Kaushik (DIN: 07016552), serving as Non-Executive Independent Director, has resigned from the Board effective December 23, 2025. The resignation became effective from the closing of working hours on the specified date.

Regulatory Compliance

The company has fulfilled all necessary regulatory requirements in connection with the resignation. Alstone Textiles confirmed receipt of written confirmation from Mr. Kaushik stating that there are no other material reasons for his resignation beyond those provided in his formal resignation letter.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company has provided the required disclosure under Clause 7B of Para A of Schedule III to the SEBI (LODR) Regulations, 2015.

Other Directorships

Mr. Kaushik holds directorships in multiple other listed entities, demonstrating his experience in corporate governance:

• India Solomon Holdings Limited
• Sita Leasing and Finance Ltd
• Sunshine Capital Limited

Company Information

Alstone Textiles (India) Limited operates with its registered office at R-815 New Rajinder Nagar, North East Delhi, New Delhi-110060. The company's corporate office is located at 47/18, Basement Rajendra Place Metro Station, New Delhi-110060. The resignation was announced by Managing Director Mr. Deepak Kumar Bhojak (DIN: 06933359) on behalf of the Board of Directors.

Alstone Textiles (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 539277), has announced the resignation of its Non-Executive Independent Director, Luy Sharma (DIN: 09480544), effective November 20, 2025. The resignation comes amidst concerns raised by Sharma regarding the company's communication practices.

Reasons for Resignation

According to the official statement, Sharma cited personal reasons for his departure. However, in his resignation letter, he highlighted specific issues that prevented him from effectively participating in Board and committee matters:

• Inadequate receipt of information
• Lack of timely documents
• Insufficient meeting notices

Sharma noted that he had previously raised these concerns through email and during general meetings, suggesting an ongoing communication problem within the company.

Company's Response

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Alstone Textiles (India) Limited has disclosed the following details:

The company stated that it had received confirmation from Sharma that there were no material reasons for his resignation other than those provided.

Implications for Alstone Textiles

The resignation of an Independent Director over communication issues may raise concerns about the company's corporate governance practices. It underscores the importance of transparent and effective communication between the management and the board members, which is crucial for maintaining investor confidence and ensuring proper oversight.

Looking Ahead

As Alstone Textiles navigates this change in its board composition, stakeholders will likely be watching closely to see how the company addresses the communication issues raised by the departing director. The incident serves as a reminder of the critical role that clear and timely information flow plays in corporate governance.

Investors and market observers may want to monitor any subsequent changes in the company's communication practices or board dynamics in the wake of this resignation.