StockWatch
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Plastic Products - Industrial
Management Change14 Oct 2026, 07:50 pm

Texel Industries Director Resigns Due to Personal Reasons

AI Summary

Mr. Naresh Ramniklal Mehta, a Non-Executive Non-Independent Director of Texel Industries Ltd, has resigned from the Board of Directors and the Nomination and Remuneration Committee. The resignation is effective from the close of business hours on October 14, 2026, citing personal and professional reasons, including his retirement after 40 years in the plastics and manufacturing industry. He intends to focus on mentoring, volunteering, and potentially teaching.

Key Highlights

  • Director resignation effective October 14, 2026.
  • Resignation due to personal and professional reasons.
  • Director also ceases membership in Nomination and Remuneration Committee.
  • No other material reason for resignation confirmed.