RIR Power Electronics Independent Director Kaushal Mehta Steps Down

1 min read     Updated on 26 Jul 2025, 02:50 PM
scanxBy ScanX News Team
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Overview

Mr. Kaushal Mahendra Mehta has resigned from his position as an Independent Director of RIR Power Electronics Limited, effective July 26, 2025. The resignation, citing personal reasons, was promptly communicated to the Bombay Stock Exchange in compliance with SEBI regulations. The company acknowledged Mehta's contributions during his tenure.

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RIR Power Electronics Limited, a company listed on the Bombay Stock Exchange (Scrip Code: 517035), has announced the resignation of Mr. Kaushal Mahendra Mehta from his position as an Independent Director. The resignation, effective immediately from July 26, 2025, marks the end of Mehta's tenure with the company.

Resignation Details

Mr. Kaushal Mahendra Mehta (DIN: 09664953) submitted his resignation letter on July 26, 2025, citing personal reasons for his departure. The company's management has acknowledged Mehta's valuable contributions and guidance during his association with RIR Power Electronics Limited as an Independent Director.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, RIR Power Electronics Limited promptly informed the Bombay Stock Exchange about this development. The company provided the necessary details as required under the regulatory framework, including:

  • The reason for the change
  • The effective date of cessation
  • Confirmation that Mr. Mehta does not hold directorships in any other listed entities

Management's Response

Bhavna H. Mehta, the Managing Director of RIR Power Electronics Limited, signed the official communication to the stock exchange. The management expressed its appreciation for Mr. Mehta's contributions during his tenure as an Independent Director.

Additional Information

The company has confirmed that there are no material reasons for the resignation beyond those stated in Mr. Mehta's resignation letter. This transparency aligns with the SEBI regulations, which require detailed disclosures in cases of independent director resignations.

RIR Power Electronics Limited has not announced any immediate plans to fill the vacancy left by Mr. Mehta's departure. Stakeholders and investors will likely be watching closely for any updates on the composition of the company's board of directors in the coming weeks.

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