Industrial Products
Management Change10 April 2026 at 03:11 pm

Pennar Industries: Non-Executive Director P V Rao Resigns

AI Summary

Pennar Industries Ltd announced the resignation of Mr. P V Rao, a Non-Executive Non-Independent Director, effective April 11, 2026. Mr. Rao tendered his resignation due to unavoidable personal situations, stating no other material reasons. He has a long association with the Pennar Group, having joined in January 2008 and being instrumental in establishing Pennar Engineered Building Systems. He also served as Joint Managing Director of Pennar Industries until early 2021. The company will complete the necessary regulatory filings.

Key Highlights

  • Non-Executive Director P V Rao resigned from Pennar Industries' board.
  • Resignation is effective April 11, 2026, citing personal situations.
  • Mr. Rao had a significant 18-year tenure with the Pennar Group.
  • He was instrumental in establishing Pennar Engineered Building Systems.