Mumbai: The India Cements today said its Executive Director N Ramachandran has resigned from his post.
The board has "accepted the letter of resignation dated August 12 received from N Ramachandran," The India Cements said in a filing to the National Stock Exchange (NSE).
Ramachandran`s resignation will take effect "from the close of business hours on August 12," it added.
Meanwhile, in a filing to the Bombay Stock Exchange (BSE), India Cements Capital Ltd (ICCL), a part of the Chennai-based The India Cements, has also said N Ramachandran has resigned from its board as a director.
However, none of the companies have disclosed any reason for Ramachandran`s resignation.