Transformers and Rectifiers (India) Limited announced the resignation of Independent Director, Mr. Ajay S. Patil, effective from the close of business hours on November 12, 2025. Mr. Patil cited increasing professional and personal commitments as the reason for his departure. The company confirmed that his resignation does not impact the composition of the Board or its Committees.
Director Resignation
Transformers and Rectifiers (India) Limited has announced the resignation of Mr. Ajay S. Patil from his position as an Independent Director. The resignation is effective from the close of business hours on November 12, 2025.
Reason for Resignation
According to the official statement, Mr. Patil has resigned due to existing professional and personal commitments. His resignation letter confirms there are no other undisclosed reasons for his departure.
Impact on Board Composition
The company has clarified that Mr. Patil’s resignation does not affect the overall composition of the Board or any of its Committees. Transformers and Rectifiers (India) Limited remains compliant with all applicable regulations.
Additional Directorships
At the time of his resignation, Mr. Patil held a directorship in Alicon Castalloy Limited as a Non-Executive Independent Director. He was also the Chairperson of the Audit Committee and Stakeholders Relationship Committee and a Member of the Risk Management Committee at Alicon Castalloy Limited.
Source: BSE