Asgard Alcobev Limited Announces Director Resignation Under SEBI Regulation 30
Asgard Alcobev Limited has disclosed the voluntary resignation of Director Mr. Ramesh Kacharu Rakh effective February 12, 2026, due to personal reasons. The company confirmed no material circumstances connected to the departure and submitted proper documentation to BSE in compliance with SEBI Regulation 30 requirements.
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Asgard Alcobev Limited has announced the resignation of one of its directors in compliance with regulatory disclosure requirements. The company, formerly known as Banganga Paper Industries Limited, informed the BSE about this key board change on February 12, 2026.
Director Resignation Details
Mr. Ramesh Kacharu Rakh (DIN: 10330676) has resigned from his position as Director of Asgard Alcobev Limited, with the resignation taking effect from the close of working hours on February 12, 2026. The resignation was submitted voluntarily and attributed to personal reasons.
| Parameter | Details |
|---|---|
| Director Name | Mr. Ramesh Kacharu Rakh |
| DIN | 10330676 |
| Effective Date | February 12, 2026 |
| Reason | Personal reasons |
| Nature | Voluntary resignation |
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that there are no other material reasons or circumstances connected with the resignation that require disclosure to stakeholders.
Formal Documentation
The resignation letter was formally submitted to the Board of Directors, expressing gratitude for the opportunity to serve and confirming a smooth transition of responsibilities. Mr. Rakh confirmed in his resignation letter that he has no outstanding claims or dues against the company and committed to cooperating in the transition process as required.
| Regulatory Requirement | Company Response |
|---|---|
| Reason for Change | Resignation |
| Cessation Date | February 12, 2026 |
| Brief Profile | Not Applicable |
| Director Relationships | Not Applicable |
Company Information
Asgard Alcobev Limited, with CIN L51900MH1984PLC033082, maintains its registered office at Sr. No. 186, Gavalwadi Road, Ashewadi, Ramshej, Nashik, Maharashtra. The regulatory filing was signed by Company Secretary Jitendra Rajendra Patil (Membership No. 39055), ensuring proper compliance with listing obligations and maintaining transparency with stakeholders and the stock exchange.
Historical Stock Returns for Banganga Paper Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.03% | +3.45% | +6.90% | -13.93% | -37.14% | +557.89% |
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