Rashi Peripherals Limited said on August 25, 2026 that Anil Khandelwal has resigned as Independent Director from the company’s board, with effect from August 24, 2026, and has stepped down from his membership of the board’s committees, including as Chairman of the Stakeholders’ Relationship Committee. The company notes that this resignation letter contains the full set of reasons for his departure.
In his resignation letter, Khandelwal explains that he joined the board in 2024 at the company’s invitation, shortly after its listing, with the aim of guiding governance and institutionalisation. He says there is a fundamental divergence between his understanding of sound governance and how certain important matters have been approached, particularly around the independence and functioning of the Nomination and Remuneration Committee, and around related governance processes. He also raises concerns about professional engagements involving firms connected to independent directors and non-disclosure in board deliberations, arguing that such matters undermine transparency and independence.
The development highlights ongoing governance tensions at the listed company and the challenge of maintaining strong fiduciary standards as the board guides RP Tech through growth. The board will need to navigate the vacancy and consider a replacement independent director to maintain balanced oversight and independence.
Industry observers will be watching how RP Tech’s governance reform agenda unfolds in the months ahead, as the company seeks to balance rapid growth with enhanced professionalism and oversight. The departure marks a notable moment in the company’s boardroom dynamics and could influence how leadership decisions and governance practices evolve at the listed tech distributor going forward.