Rudra Ecovation CEO Akhilesh Kumar Tiwari Resigns

LUDHIANA — On September 2, 2026, Rudra Ecovation Limited announced a significant leadership transition following a meeting of its Board of Directors held at its corporate office in Ludhiana, Punjab. The company officially accepted the resignation of Akhilesh Kumar Tiwari from his position as Executive Director and Chief Executive Officer (CEO), effective upon the closure of business hours on September 2, 2026. Tiwari cited personal and unavoidable circumstances for his departure, confirming in his resignation letter that no other material reasons exist and that he holds no directorships in any other listed entities. Alongside Tiwari's exit, the board approved several key appointments, including naming Rahul Kapoor as an Executive Director and Inderpreet Singh as a Non-Executive Independent Director.

Board Restructuring and Leadership Changes

The board meeting, which commenced at 04:00 P.M. and concluded at 05:30 P.M. on September 2, 2026, addressed multiple operational realignments pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. In addition to accepting Tiwari's resignation, the board re-appointed Gian Chand Thakur as a Whole Time Director for a five-year term effective October 1, 2026. Furthermore, the company approved the reconstitution of various board committees—including the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, Banking and Finance Committee, and Expansion and Diversification Committee—to accommodate the incoming and outgoing directors.

Regulatory Filings and Compliance Disclosures

The leadership changes and corporate updates were formally communicated to regulatory authorities in compliance with statutory disclosure standards. Company Secretary and Compliance Officer Nancy Singla submitted the official filings to BSE Limited. The documentation outlines detailed annexures required under SEBI circulars, confirming that the newly appointed directors—Rahul Kapoor and Inderpreet Singh—are not debarred from holding office by virtue of any SEBI order or regulatory authority. Additionally, the board fixed Wednesday, September 30, 2026, as the date for the 45th Annual General Meeting to be conducted via video conferencing.

Impact on Investors, Markets, and Stakeholders

For shareholders, investors, and market analysts, executive transitions in manufacturing and textile-linked firms require close monitoring of operational continuity. The prompt appointment of Rahul Kapoor as Executive Director and the retention of veteran leadership like Gian Chand Thakur are intended to stabilize management execution. Transparent regulatory disclosures regarding Tiwari's departure help mitigate market uncertainty and uphold corporate governance standards during the leadership shift.

Official Sources Section

• Rudra Ecovation Limited Stock Exchange Disclosure: Official regulatory filings submitted to BSE Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, executed by Company Secretary Nancy Singla on September 2, 2026.

• Resignation Documentation: Formal resignation letter and Annexure A compliance disclosures submitted by outgoing Executive Director and CEO Akhilesh Kumar Tiwari.

Quote Section

"According to officials, Mr. Akhilesh Kumar Tiwari as Executive Director and Chief Executive Officer (CEO) of the company, has resigned from the office of Director and CEO of the Company with effect from September 02, 2026, upon closure of business hours, and express his inability to continue and submit his resignation letter along with confirmation that there is no other material reasons other than reason mentioned in the resignation letter."

Why It Matters

The executive shakeup at Rudra Ecovation Limited directly impacts corporate governance and strategic execution. Filling the CEO vacancy with experienced leadership while re-constituting key committees ensures that the company maintains regulatory compliance and operational momentum ahead of its upcoming Annual General Meeting.

Key Facts at a Glance

• Company Name: Rudra Ecovation Limited (formerly known as Himachal Fibres Limited)

• Departing Executive: Akhilesh Kumar Tiwari (Executive Director and CEO)

• Effective Date of Resignation: September 2, 2026 (upon close of business hours)

• New Appointments: Rahul Kapoor (Executive Director) and Inderpreet Singh (Non-Executive Independent Director)

• Regulatory Standard: SEBI (LODR) Regulations, 2015, filed with BSE Limited

Frequently Asked Questions

Who resigned from Rudra Ecovation Limited? Akhilesh Kumar Tiwari resigned from his position as Executive Director and Chief Executive Officer (CEO).

When did Akhilesh Kumar Tiwari's resignation take effect? His resignation became effective upon the closure of business hours on September 2, 2026.

What were the reasons cited for the CEO's resignation? Tiwari cited personal and unavoidable circumstances, confirming there were no other material reasons behind his departure.

Who has been appointed to the board following the changes? The company approved the appointment of Rahul Kapoor as Executive Director and Inderpreet Singh as a Non-Executive Independent Director.

When is Rudra Ecovation holding its 45th Annual General Meeting? The 45th Annual General Meeting is scheduled for Wednesday, September 30, 2026, via video conferencing.

Source: Rudra Ecovation Limited BSE Regulatory Filings via BSE India