In a governance move at Arihant Superstructures Limited, the company disclosed that independent director Pramod Vyankatesh Deshpande has tendered his resignation, effective at the close of business on October 22, 2026, citing personal reasons and commitments. Deshpande will also cease to be the chairperson of the Nomination Remuneration Committee and will step away as a member of the Audit Committee and the Stakeholder Relationship Committee. He will also resign as an Independent Director of several group entities, including Arihant Gruhnirman Private Limited, Arihant Vatika Realty Private Limited, Arihant Aashiyana Private Limited, and Dwellcons Private Limited, and will no longer serve as an Independent Director and Audit Committee member of Arihant Abode Limited, which are subsidiaries of Arihant Superstructures Limited. The company notes that there are no other material reasons for the resignation beyond those stated in the resignation letter, a copy of which is enclosed with the disclosure.
The resignation signals a careful recalibration of Arihant Superstructures’ board and governance framework. With Deshpande stepping down from multiple committees, including the chairmanship of the Nomination Remuneration Committee, the board will likely explore interim arrangements and potential future appointments to maintain continuity across oversight functions. The leadership change underlines the company’s ongoing evolution as it navigates growth and governance across a expanding portfolio of subsidiaries.
Deshpande’s letter conveys appreciation for the support and guidance extended by the board and management during his tenure, and he reiterates there are no other material reasons for his departure beyond those already stated. As Arihant Superstructures moves to solidify its governance posture, industry observers will be watching how the board reconstitutes its committee leadership and aligns it with the company’s strategic priorities going into the next phase of growth.