On April 14, 2025, Rudra Ecovation Limited (formerly known as Himachal Fibres Limited) officially notified the BSE Limited of the resignation of its Executive Director and Chief Executive Officer (CEO), Mr. Vinod Kumar Goyal. This development was shared in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III Para A.

The resignation will be effective from the close of business hours on April 30, 2025, marking the end of Mr. Goyal’s tenure with the company.

Reasons for Resignation

As per the company’s disclosure and Mr. Goyal’s resignation letter, the reason for stepping down is cited as “compelling personal reasons”. Importantly, the letter includes a confirmation that there are no other material reasons for his resignation, fulfilling SEBI’s latest disclosure norms.

This assertion aligns with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which requires listed companies to clearly disclose if any material concerns exist behind such exits. Rudra Ecovation’s communication reaffirms that no such issues were reported.

Key Regulatory Details

• Name: Mr. Vinod Kumar Goyal

• Designation: Executive Director and CEO

• Nature of Change: Resignation

• Effective Date: April 30, 2025

• Reason: Personal

• Material Concerns: None disclosed

• Relationships with Directors: Not Applicable

• Brief Profile: Not applicable, as it is not a new appointment

This resignation was duly acknowledged by the Company Secretary and Compliance Officer, Ms. Nancy Singla, in the formal submission to the exchange.

Resignation Letter Summary

Dated April 12, 2025, Mr. Goyal’s letter to the Board of Directors of Rudra Ecovation Limited stated:

“I wish to submit my resignation from the position of Executive Director & CEO of the Company with immediate effect due to certain compelling personal reasons. I am grateful to the Board for their guidance and support during my association with the organization.”

He also requested to be relieved of responsibilities on April 30, 2025, and asked for the full and final settlement of dues by that date. His tone in the letter was respectful and appreciative of the company and the board's support during his term.

About Rudra Ecovation Limited

Formerly operating under the name Himachal Fibres Limited, Rudra Ecovation Limited is engaged in eco-friendly textile solutions. The company’s registered office is located in Barotiwala, Himachal Pradesh, and its corporate office is situated at Adarsh Nagar, Ludhiana, Punjab.

The company is listed on the BSE Limited under the scrip code 514010 and ISIN INE723D01021, with the stock symbol RUDRAECO.

Rudra Ecovation is recognized for embracing sustainable practices in the textile and fiber industry. It is undergoing a broader transformation initiative—evident from its recent rebranding—which underscores its strategic pivot toward eco-conscious manufacturing and innovation.

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