KRBL, in its filing, confirmed that Chaudhary had stated there were no other material reasons for his resignation beyond those mentioned in his letter.
The resignation has rattled investors, dragging the stock down as concerns over transparency and corporate governance weighed on sentiment.
KRBL primarily focuses on the manufacturing and marketing of rice products. The company offers a wide range of basmati and specialty rice varieties and owns the popular India Gate rice brand.
The company’s consolidated net profit jumped 74% to Rs 150.58 crore on 32.1% increase in net sales to Rs 1,584.35 crore in Q1 June 2025 over Q1 June 2024.
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