Orkla India Limited has announced the resignation of its Chairman & Non-Executive (Non-Independent) Director, Mr. Atle Vidar Nagel Johansen. His resignation is effective from the closure of business hours on October 26, 2026. Mr. Johansen cited other professional commitments as the reason for stepping down. He will also cease his membership in the Stakeholders Relationship Committee and Nomination and Remuneration Committee.
Chairman Steps Down After Decade of Service
Orkla India Limited has officially accepted the resignation of Mr. Atle Vidar Nagel Johansen from his positions as Chairman and Non-Executive (Non-Independent) Director. The company disclosed this significant leadership change, stating that Mr. Johansen’s tenure will conclude at the end of the business day on October 26, 2026.
Reason for Resignation
In his resignation letter, Mr. Johansen indicated that his decision to step down is driven by a need to devote his attention to other professional commitments. The company has received confirmation from Mr. Johansen that there are no other underlying reasons for his departure beyond those stated.
Committee Memberships Conclude
In line with his resignation from the Board, Mr. Johansen will also cease to be a member of key board committees. This includes stepping down from his roles in the Stakeholders Relationship Committee and the Nomination and Remuneration Committee, effective from the same date.
Company Confirmation and Record
The announcement was made to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Orkla India Limited has made this information available on its official website. The company has also stated that details regarding the resignation, as required by regulation, are provided in Annexure-I, with Mr. Johansen’s resignation letter enclosed as Annexure-II.
Source: BSE
