StockWatch
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Pharmaceuticals
Management Change30 Jul 2026, 01:30 pm

Medi Caps Chairman & Director Resign Due to Health Concerns

AI Summary

Medi Caps Ltd has announced the resignation of Mr. Ramesh Chandra Mittal as Chairperson and Non-Executive Non-Independent Director, and Mrs. Kusum Mittal as Non-Executive Non-Independent Director. Both resignations are effective from the close of business hours on August 6, 2026, citing personal health concerns as the reason. The company has received confirmations that there are no other material reasons for their departures. The Board of Directors has expressed appreciation for their contributions. The detailed reasons for resignation are provided in their respective letters, which will be formally considered by the Board.

Key Highlights

  • Chairman Mr. Ramesh Chandra Mittal resigns effective August 6, 2026.
  • Director Mrs. Kusum Mittal also resigns effective August 6, 2026.
  • Resignations are attributed to personal health concerns.
  • No other material reasons for resignation were disclosed.