Piramal Enterprises on Thursday said its board has accepted the resignation of SBI's former chairman Arundhati Bhattacharya as independent director of the company from April 16, 2020.
In her resignation letter, Bhattacharya has indicated that the reason for her resignation is her decision to accept a full time role as Chairperson and CEO in another company and accordingly, she needs to discontinue her existing non-executive assignments, Piramal Enterprises said in a BSE filing.
" ... the Board accepted the resignation of Arundhati Bhattacharya and noted that she will step down as an independent director from the board of the company as well as its committees, from April 16, 2020," it added.
She has also confirmed that there is no other reason other than that stated, Piramal Enterprises said.
"I wish to advise that I have decided to accept a full time executive role as Chairperson & CEO for the India operation of Salesforce, a company headquartered in USA. Accordingly the said company has asked me to discontinue my existing non-executive assignments. I sincerely regret that I will have to step down as non-executive Independent Director from the Board as well as from the committees of Piramal Board, from April 16, 2020," Bhattacharya said in her resignation letter.
Shares of Piramal Enterprises closed at Rs 958.15 per scrip on the BSE, up 2.44 per cent from its previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app