Refractory Shapes Limited has announced the departure of Mr. Dhananjay Mayur Dave from the role of Independent Director.

The outgoing director has officially stepped down citing personal reasons, confirming that no other material issues influenced this decision.

This governance change impacts the composition of the board and oversight committees, prompting the management to update stakeholders as part of routine corporate governance compliance.

Shareholders should note this transition in leadership as the company continues executing its ongoing business objectives without reported disruptions.