Reliance Chemotex Industries Limited , a prominent player in the chemical industry, has announced a significant change in its senior management. The company's President, Mr. Hari Mohan Vashishth, has tendered his resignation, marking the end of his tenure with the organization.

Resignation Details

The company disclosed the following key information regarding Mr. Vashishth's departure:

Corporate Disclosure

In compliance with regulatory requirements, Reliance Chemotex Industries Limited has formally notified both the BSE Limited and the National Stock Exchange of India Ltd. about this senior management change. The company adhered to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) in making this announcement.

Additional Information

• The company's scrip code on BSE is 503162, while its trading symbol on NSE is RELCHEMQ.
• Reliance Chemotex Industries Ltd. is headquartered in Udaipur, Rajasthan, with its registered office and manufacturing unit located at Village Kanpur.
• The resignation letter from Mr. Hari Mohan Vashishth has been enclosed with the company's official communication to the stock exchanges.

This development marks a significant change in the leadership structure of Reliance Chemotex Industries Limited.

Reliance Chemotex Industries Limited has announced a significant change in its board composition. Nand Gopal Khaitan, a Non-Executive Non-Independent Director, has tendered his resignation from the company's board, effective October 10, 2025. This development comes amidst concerns raised by Khaitan regarding his classification as a promoter of the company.

Reasons for Resignation

In his resignation letter, Khaitan outlined several key points:

1. Misclassification as Promoter: Khaitan expressed surprise at being declared a promoter in the company's Prospectus, Annual Return, and other statutory documents.
2. Minimal Shareholding: He emphasized that he only held 100 shares in the company.
3. Lack of Control: Khaitan stated that he never had direct or indirect control over the company's affairs.
4. Professional Capacity: He clarified that his appointment as a Director was in his professional capacity as a lawyer and Senior Partner of Khaitan & Co, a reputable law firm in India.

Implications and Actions

The resignation of Nand Gopal Khaitan raises questions about corporate governance practices and the classification of directors in Indian companies. Here are the key takeaways:

1. Immediate Effect: Khaitan's resignation is effective immediately from October 10, 2025.
2. Share Divestment: He has indicated his intention to sell his 100 shares in the company.
3. Reclassification Request: Khaitan has requested the removal of his name as a promoter of the company.
4. Regulatory Compliance: The company is expected to file necessary forms with relevant authorities regarding this resignation.

Company's Response

Reliance Chemotex Industries Limited has acknowledged Khaitan's resignation in its regulatory filing. The company stated that it has received Khaitan's resignation letter and will take appropriate steps as required under the law.

This incident highlights the importance of accurate classification of directors and promoters in corporate structures, emphasizing the need for transparency and proper governance in listed entities.

Note: All dates mentioned in this article are based on the information provided in the regulatory filing.