Non-Executive Director Parkash Chand resigns from the Board; Board approves cessation
Shri Parkash Chand (DIN: 07507069), Non-Executive Director representing Life Insurance Corporation of India, has resigned from the Board of Tourism Finance Corporation of India Ltd. The Board approved it; date of cessation October 13, 2026.
By ScoutQuest · · 2 min read
- DIN
- 07507069
- Date of Cessation
- October 13, 2026
- Reason for Resignation
- personal reasons
The change
- Shri Parkash Chand (DIN: 07507069) was a Non-Executive Director on the Board. He has resigned from the Board, and the Board of Directors approved the resignation.
- The date of cessation is recorded as October 13, 2026.
- The resignation letter is dated October 13, 2026.
What the resignation letter says
In his letter to the Chairperson, Parkash Chand writes that he is resigning due to personal reasons. He states that he was on the Board as a Director representing the Life Insurance Corporation of India. He requested that his resignation be accepted, thanked the Chairperson, all the board members and the entire team for their support, and wished the company success in the years to come.
Details recorded in the disclosure
- Reason for the change: resignation from Directorship.
- The brief profile and the disclosure of relationships between directors are marked Not Applicable, since this relates to a cessation and not an appointment.
How to read this
A non-executive directorship is a board-level oversight role rather than a day-to-day executive position, so the change is about who sits on the Board and not about the company's operations. The letter places the decision on personal grounds and records no difference with the company. The perception this kind of news can create is usually neutral to mildly cautious, since some investors watch nominee-director exits for any signal about board dynamics or about the institution the director represented. Here the reason stated is personal, and the letter is appreciative in tone. The director concerned is a nominee of Life Insurance Corporation of India, so how and when that seat is filled is something readers may track in the company's subsequent disclosures.
In short
- Who: Shri Parkash Chand, Non-Executive Director (DIN: 07507069).
- What: resignation from the Board, approved by the Board of Directors.
- When: letter dated October 13, 2026; date of cessation October 13, 2026.
- Why, as stated: personal reasons.
Also from Tourism Finance Corporation of India
Compliance officer and RTA details disclosed for the quarter ended September 30, 2026
7 Oct 2026
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