Independent director resigns over governance concerns, Rashi Peripherals stock falls 10%
Anil Khandelwal resigned from the board of Rashi Peripherals Ltd on Monday, citing governance concerns related to management's handling of director appointments and due diligence for acquisitions. Following his resignation, the company's stock fell 9.82% to ₹782.85, reflecting investor unease. Rashi Peripherals' chairperson denied any governance lapses, but the incident raises questions about the company's practices.