Reliance Chemotex Announces Resignation of Senior Management Personnel

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Reliance Chemotex Announces Resignation of Senior Management Personnel

Team Finance Saathi

18/Dec/2024

What's covered under the Article:

Reliance Chemotex announces the resignation of Mr. Satish Kumar Mittal from his role as President, effective December 17, 2024.
The resignation was accepted by the company, and Mr. Mittal was relieved of his duties at the close of business hours on the same day.
The details of the resignation and related disclosures are provided as per SEBI's listing regulations.

Reliance Chemotex Industries Ltd. has officially communicated the resignation of Mr. Satish Kumar Mittal, the company's President, from his position as a Senior Management Personnel. The resignation was tendered on December 17, 2024, and accepted by the company. Mr. Mittal was relieved of his duties at the close of business hours on the same day, marking the end of his tenure with the organization.

The company has complied with the SEBI Listing Obligations and Disclosure Requirements (LODR) and has submitted all required disclosures. As per these regulations, Reliance Chemotex has provided the necessary details under Annexure A and Annexure B, including the reason for the change and the effective date of resignation. The official resignation letter from Mr. Mittal is also enclosed.

This move has been noted within the company, as well as by investors and analysts, considering the implications on the senior management structure. However, no replacement has been announced as of now, and the company will continue its operations as usual.

The company has ensured that all actions taken are in full compliance with SEBI regulations, and these updates are now available for review on the Reliance Chemotex website.

The resignation of Mr. Satish Kumar Mittal comes as part of the ongoing changes within the organization. The company has committed to further strengthening its management structure and continuing its operations effectively.

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Reliance Chemotex Announces Resignation of Senior Management Personnel

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