Non-Executive Director Ajay Mishra resigns, effective close of business hours on 13 October 2026
Kizi Apparels has informed the exchanges that Mr. Ajay Mishra (DIN: 07495905) has tendered his resignation as Non-Executive Director of the company.
By ScoutQuest · · 2 min read
- Resigning Director
- Mr. Ajay Mishra (DIN: 07495905) - Non-Executive Director
- Effective Date
- close of business hours on 13th October, 2026
- Reason Cited
- personal commitments
The company has disclosed a change in the composition of its board.
What was announced
- Mr. Ajay Mishra (DIN: 07495905) has tendered his resignation as Non-Executive Director of the company.
- The resignation is effective from close of business hours on 13th October, 2026.
- The company's letter states the reason as personal commitments, and his own resignation letter refers to increased professional commitments and time constraints, saying he is unable to continue to effectively contribute to the affairs of the company.
Committee positions that change hands
- He ceases to be a Member of the Nomination and Remuneration Committee.
- He ceases to be the Chairman of the Stakeholders Relationship Committee.
What the director has confirmed
- Mr. Ajay Mishra has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.
- In the disclosures made alongside the announcement, the reply against names of listed entities in which the resigning director holds directorships is given as NIL.
What this means in simple terms
- A Non-Executive Director is not part of the company's day-to-day management. The role is mainly one of board oversight, so a change here is not the same as a change in the executive team that runs operations.
- The resignation takes effect immediately, at the close of business hours on 13th October, 2026, so both the board seat and the two committee positions he held are vacated from that point.
- Committee roles matter for governance. The Nomination and Remuneration Committee deals with board appointments and remuneration matters, and the Stakeholders Relationship Committee deals with shareholder grievances and related concerns.
How a retail investor can read it
- Changes in board composition are disclosed to the exchanges as they happen, so the information reaches shareholders at the same time.
- The stated reason is personal, and the confirmation given is that there are no material reasons beyond those stated. That confirmation is the part of this disclosure most relevant to how the exit should be read.
- The company has not linked the resignation to any dispute or to any financial or operational matter.
Also from Kizi Apparels
Board meeting shifted to 30 October 2026; results and a fund-raising proposal on the agenda
24 Oct 2026
Board meeting on 24 October 2026 to consider proposal for raising funds
19 Oct 2026
Additional Non-Executive Director appointed, Non-Executive Director resigns, committees reconstituted
16 Oct 2026
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