India's KRBL falls after independent director resigns over governance concerns

KRBL

15/09/2025 05:11

** Shares of KRBL KRBL.NS slump 8.6% to 406 rupees

** Stock set for steepest drop in almost two years, if losses hold

** The rice exporter's independent director Anil Kumar Chaudhary resigns from board

** Says prevailing dynamics of the board inconsistent with effective governance and truly independent oversight to safeguard stakeholder interests

** About 3.4 million shares traded in less than an hour, 1.5x more than their 30-day avg

** KRBL stock up 35%, YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))