In a stock market filing, the company said it had received a letter from Gupta informing it of his intention not to continue as a director of the company after the AGM.
Earlier this month it was reported that Sony had requested that Goenka let go of the position of MD and CEO of the merged entity till he gets cleared by market regulator Sebi.
Market regulator Securities and Exchange Board of India (SEBI), in an interim order cum show cause notice, has barred Essel group company, Shirpur Gold Refinery Ltd, its promoter Amit Goenka, who is the son of the group chairman Subhash Chandra Goenka and six others, from selling, disposing of or diluting their shareholding in the Company, for misrepresenting the Company s financial statements and diverting its funds.
Shirpur is a part of the Subhash Chandra Goenka led-Essel Group and has been taken to NCLT under IBC by its lenders. Amit Goenka was non-executive chairman and director of Shirpur till 2021-22.