Chirag Shah resigns as PSP Projects board Director; Stock ends lower

31 Mar 2022 , 03:42 PM

Chirag N. Shah, Independent Director of PSP Projects Limited has resigned from the board of the Company from the close of business hours of March 31, 2022 due to his other professional and personal commitments.

Shah has also confirmed that there are no material reasons for his resignation other than those mentioned in his resignation, compared shared in his resignation letter.

“I would also like to confirm that there are no other material reasons other than the one mentioned above, for my resignation from the Board of the Company.

I would like to convey my deep sense of appreciation and feeling of gratitude for giving me an opportunity to serve as an Independent Director of the Company,” Shah said in his resignation letter.

“I take this opportunity to thank the Chairman, all the Board Members and the entire Management Team for the wonderful support during the period of my association with the Company. I wish ‘bright future to the Company and request to please take my resignation on record,” he added.

PSP Projects Ltd ended at Rs535.40 per piece down by Rs11.25 or 2.06% from its previous closing of Rs546.65 per piece on the BSE.