OROrkla India544595Leadership appointment or

Chairman & Non-Executive (Non-Independent) Director resigns; no material reasons stated

Orkla India informed the exchanges that Mr. Atle Vidar Nagel Johansen has resigned as Chairman & Non-Executive (Non-Independent) Director.

By ScoutQuest · Tue 27 Oct 2026, 11:49 AM IST · 2 min read

Effective date

closure of business hours on October 26, 2026

Reason stated

Resignation due to other professional commitments.

Committee positions vacated

Stakeholders Relationship Committee and the Nomination and Remuneration Committee

Who resigned and from what

• Mr. Atle Vidar Nagel Johansen (DIN: 01361367) has tendered his resignation from the position of Chairman & Non-Executive (Non-Independent) Director.
• The resignation takes effect from the close of business hours on October 26, 2026.

Reason given

• The update states the resignation is due to other professional commitments.
• The company states it has received confirmation from him that there are no material reasons for the resignation other than those stated in his resignation letter.
• In the enclosed letter, he writes that after having decided to devote his attention to other professional commitments, he is tendering his resignation, and confirms there are no reasons other than those stated in the letter.

Committee positions also vacated

• Consequent to the resignation, he ceases to be a Member of the Stakeholders Relationship Committee and the Nomination and Remuneration Committee.
• The letter records that he ceases to hold office as a member of the committees of the Board on which he presently serves, with effect from the same date and time.

Tenure mentioned in the letter

• The resignation letter states he had the privilege of serving as Chairman of the company and its predecessor organisation for more than a decade.

What this means for a retail investor

• A chairman and non-executive director leaving is a board-level change. The update does not state a successor or any interim arrangement, so the composition of the board after this change is something to follow in later disclosures.
• The stated reason is personal/professional commitments, not a disagreement. The company has recorded his confirmation that there are no material reasons beyond those stated in his letter.
• Two board committees lose a member. Committee reconstitution details would come through subsequent updates.

What to watch

• Any announcement naming a new Chairman or re-constituting the two committees.
• The next board-level disclosures, which will show the updated composition of the board and its committees.

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