Kati Patang Lifestyle Chairman Resigns, Continues as MD

Kati Patang Lifestyle Ltd announced the resignation of Mr. Gokul Naresh Tandan as Chairperson, effective September 7, 2026. He will continue to serve as the Managing Director and Executive Director. The resignation is a strategic move to comply with SEBI LODR regulations, specifically concerning the optimal combination of independent directors on the board. Following a recent change in Mr. Sanjay K Jain's designation from Independent Director to Non-Executive Director, the company needed to adjust its board composition to meet the 50% independent director requirement or the one-third independent director requirement if a Non-Executive Director (unrelated to the promoter) becomes the Permanent Chairperson. Mr. Tandan's resignation facilitates this compliance, with Mr. Sanjay K. Jain expected to assume the Chairperson role.