MaxVIL in a filing to BSE said that Wadhwa on November 15, 2016 submitted his resignation from the services of the company to pursue other career interests.
"The Board of Directors of MSF has put in place an interim governance structure by constituting a Management Committee consisting Senior Executive of MSF and the Company, for smooth transition and day-to-day affairs of MSF to achieve its business objective," it said in a regulatory filing.
Max Ventures and Industries Limited holds 99 per cent equity share capital of MSF.
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