
Clarification25 Aug 2026, 10:30 pm
Rashi Peripherals Clarifies Independent Director Resignation
AI Summary
Rashi Peripherals Ltd has issued a clarification regarding the resignation of Independent Director, Mr. Anil Khandelwal, effective August 24, 2026. The company acknowledges his contributions and addresses concerns raised, particularly concerning the Nomination and Remuneration Committee's processes and professional assignments awarded to firms associated with independent directors. Rashi Peripherals asserts that all suggestions were considered, and professional services were obtained at arm's length and within statutory limits. The company reaffirms its commitment to corporate governance and transparency, stating that material decisions are made through established governance processes.
Key Highlights
- Clarification issued on Independent Director Anil Khandelwal's resignation.
- Company addresses concerns on NRC processes and director-related firm engagements.
- Rashi Peripherals emphasizes adherence to governance and arm's length transactions.
- Commitment to corporate governance and transparency reiterated.
Price Impact
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