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KRBL independent director quits, cites governance lapses
Mint Mumbai
|September 16, 2025
Nearly a year after joining KRBL Ltd as an independent director, Anil Chaudhary has quit the board of the India Gate basmati brand owner, alleging corporate governance issues.
In his resignation letter, the former Steel Authority of India Ltd chairman flagged inconsistencies in recording minutes of the board meetings, instances of information being withheld from the board, undue interference by invitees during board meetings, and concerns over the usage of CSR funds.
After the news, shares of the largest basmati exporter plunged almost 10% to close at ₹401.45 compared to a 0.18% fall in the benchmark Nifty50.
Diese Geschichte stammt aus der September 16, 2025-Ausgabe von Mint Mumbai.
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