Independent Director Pramod Deshpande resigns; also vacates committee roles
Mr. Pramod Deshpande has resigned as Independent Director with effect from close of business hours on October 22, 2026, citing personal reasons.
By ScoutQuest · · 2 min read
- Resignation effective date
- close of business hours on October 22, 2026
- Reason stated
- personal reasons and commitments
- DIN
- 10204931
What the update says
Arihant Superstructures Ltd has informed BSE (Scrip Code 506194) and NSE (Symbol ARIHANTSUP) that Mr. Pramod Deshpande (DIN: 10204931) has tendered his resignation as an Independent Director of the company.
The resignation takes effect from the close of business hours on October 22, 2026. The reason stated is personal reasons and commitments. His resignation letter carries the same reason.
Committee and board roles he ceases to hold
- Chairperson of the Nomination Remuneration Committee
- Member of the Audit Committee
- Member of the Stakeholder Relationship Committee
Group and subsidiary positions he also vacates
- Independent Director of Arihant Gruhnirman Private Limited, Arihant Vatika Realty Private Limited, Arihant Aashiyana Private Limited and Dwellcons Private Limited
- Independent Director and Member of the Audit Committee of Arihant Abode Limited
These entities are described in the update as subsidiaries of Arihant Superstructures Ltd.
What the director has confirmed
Mr. Deshpande has confirmed that there are no other material reasons for his resignation other than those mentioned in his resignation letter, a copy of which is enclosed with the update. In that letter he thanks the board and management for the support extended during his tenure and requests that the necessary statutory updates be completed.
How to read this
- An independent director is a board member expected to bring an outside view and to sit on committees that review the company's financial reporting and related-party matters.
- The Audit Committee in particular oversees financial reporting and internal controls, so a change in its membership is a board-level governance event that shareholders generally track.
- The stated cause here is personal, and the director has confirmed no other material reason behind the exit.
- The disclosure itself is a change in management under Regulation 30, the standard route for informing shareholders about board and senior management changes.
Bottom line
A board-level change at Arihant Superstructures, with a sitting independent director stepping down from the board, three committees of the company and several subsidiary positions, effective October 22, 2026, on personal grounds.
Also from Arihant Superstructures
NCDs of Rs. 70 crore redeemed; mortgage charge released on three project land parcels
23 Oct 2026
Board reconstitutes committees; Pradeep Mehta inducted as member, to chair Nomination & Remuneration
23 Oct 2026
Board approves Pradeep Mehta as Additional Independent Director for a 5-year term
23 Oct 2026
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