KRBL shares rose 3 per cent after it was declared the successful bidder in the E-auction for the acquisition of immovable properties in Panipat, Haryana
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KRBL Ltd, a major basmati rice producer and owner of the India Gate brand, on Monday said its board has ordered an independent review following the resignation of independent director Anil Kumar Chaudhary, who raised multiple corporate governance concerns. In a filing to stock exchanges, the company said separate meetings of independent directors and the board were convened on Monday to discuss the observations made by Chaudhary in his resignation letter dated September 8. Chaudhary stepped down with immediate effect on September 8, saying he could no longer contribute meaningfully to the board due to what he called a culture where "dissent is suppressed or sidelined." In his resignation letter, the independent director detailed concerns, including inconsistencies in board meeting minutes, information being withheld from directors, unjustified write-offs of export receivables, misuse of CSR funds, arbitrary pay decisions, major changes to company objectives made without proper ...
KRBL shares tanked 12.8 per cent and logged an intra-day low at ₹387.05 per share on BSE, after Anil Kumar Chaudhary, resigned from his post, citing corporate governance issues
Shares of KRBL surged 12 per cent on the NSE in Friday's intra-day deal amid heavy volumes after the company reported Q1 results.