Manilam Industries says an independent director has resigned

Manilam Industries India Limited said in a filing with the National Stock Exchange that one of its non-executive independent directors has resigned. The company said the director resigned by a letter dated 28 October 2026, effective from the close of business that day, for personal reasons.

What Happened

In a Regulation 30 disclosure dated 28 October 2026, the company said the director has resigned from the position of independent director and, as a result, ceases to be chairman or member of every board committee on which the director served. The filing does not say which committees these were.

On the reason, the company's filing says "Resignation due to personal reasons". The director's letter says the resignation is "due to personal reasons" and confirms "that there are no material reasons for my resignation other than that stated above". The company said the director has also given this confirmation, as the listing rules require of a resigning independent director.

The company said the director holds no directorships in any other listed company. The filing does not name a replacement and does not say whether the board will fill the vacancy.

The filing does not link the resignation to any dispute, audit finding or regulatory action, and nothing in it should be read as suggesting one.

What It Means

Listed companies must have independent directors on their boards, and the rules require the company to tell the exchange when one leaves, with the reasons in the director's own words. In this case the reason given is personal, and the director has confirmed there is no other material reason.

For shareholders, the filing is a notice of the change. The company has not said when it will appoint a new independent director, and readers can look for any such appointment in its later filings with the exchange. Oquilia reports only what the company has filed and does not forecast or recommend any action on the shares.

Source: Company filing on NSE