Fertilizers and Chemicals Travancore Limited (FACT) — Board Meeting Announcement
📢 Key Event
Independent Director Billeswar Sinha resigned due to election candidacy.
🔄 What Changed
Board composition reduced by one independent director; vacancy in Nomination and Remuneration Committee.
💡 Investor Takeaway
FACT must recruit a replacement independent director to maintain board composition and committee effectiveness per regulatory requirements.
FACT's Independent Director Shri. Billeswar Sinha resigned effective **30th March 2026** to contest the West Bengal Legislative Assembly election from Barjora constituency. He cited potential conflict with director responsibilities as the reason. He held no other listed directorships and will cease membership of the Nomination and Remuneration Committee. The resignation involves no material undisclosed reasons.
📄 View Original Announcement (PDF)
About Fertilizers and Chemicals Travancore Limited (FACT)
Chemicals · Fertilizers & Agrochemicals · Listed on NSE
Market Cap: ₹57,117.04 Cr
P/E: -630.5
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.