Sumit Mazumder resigns as Independent Director and Chairman of Balrampur Chini Mills

21 Feb 2022 , 11:27 AM

The Board of Directors of Balrampur Chini Mills Ltd at its meeting held on February 18, 2022 has noted the resignation of Sumit Mazumder as an Independent Director and Chairman of the Board with effect from February 18, 2022.

Mazumder informed that the resignation is purely on account of personal reasons and to pursue areas of his interest / hobbies. Further, Sumit Mazumder has also confirmed that there are no other material reasons attributable / connected with the Company for his resignation.

The Company wishes to place on record its sincere appreciation for the support and valuable guidance provided by Sumit Mazumder during his tenure as an Independent Director and Chairman of the Board, said company.

On the resignation letter, Sumit Mazumdar said, ‘I wish to thank all the members of the Board for their support and guidance during my tenure as Independent Director and Chairman of the Board. I will cherish every moment we have worked together to tirelessly serve all the stakeholders of BCML.”

At around 11:30 AM, Balrampur Chini Mills was trading at Rs398 apiece down by Rs3.3 or 0.82% on the BSE.