Why did Rishabh Agarwal resign from Responsive Industries?

He resigned for personal reasons, as stated in his May 20 resignation letter. He confirmed there were no material reasons, disputes, or conflicts behind the decision.

What is the immediate impact of his departure?

Agarwal was a non-executive director, so day-to-day operations are not directly affected. However, his role as chairperson means his exit leaves a leadership vacuum at a company already dealing with a profit decline.

What is Responsive Industries' current financial situation?

The company is a small-cap PVC products maker. Its profit has declined by 25%, a pressure point that now coincides with a governance change at the top.

Has the company announced a successor?

The filing does not name a successor or outline next steps for the board. The immediate focus will be on whether the board appoints a new chairperson.

Plastic Products · Mid cap

Responsive Industries chairperson quits. No successor named.

Rishabh Agarwal resigned as chairperson and non-executive director on May 26 for personal reasons. The small-cap PVC maker has already seen profit fall 25%.

— 2 earlier stories on Responsive Industries Ltd. →

RESPONIND By Tipsheet Editorial 26 May 2026 · 2:49 PM IST Verify on BSE · NSE

Mkt cap₹5,158 cr

P/E34.75×

ROE14.78%

Debt / eq.0.19

Div yld0.05%

25% Fall in profit at Responsive Industries before this chairperson's exit.

What's new

Rishabh Agarwal resigned as chairperson and non-executive director, effective May 26.
He cited 'personal reasons' and confirmed no disputes or material issues.
The filing contains no name for a successor.

Why this matters

Losing a chairperson without a named replacement is a governance gap for any company. For Responsive Industries, it coincides with a 25% profit decline, adding leadership uncertainty to financial pressure.

What we're watching

The board's appointment of a new chairperson.
Whether Agarwal's exit triggers any other board changes.
The next quarterly results to see if the profit decline stabilizes.

The full read

Rishabh Agarwal quit as chairperson of Responsive Industries on May 26, citing only 'personal reasons'. He confirmed no disputes. His exit is a governance event for the small-cap PVC maker, whose profit has already fallen 25%. The non-executive nature of the role limits direct operational impact, but the departure leaves a leadership vacuum. The filing includes no successor. For a company dealing with both a profit decline and a board-level exit, the next step is a board appointment.

Questions answered

Why did Rishabh Agarwal resign from Responsive Industries?: He resigned for personal reasons, as stated in his May 20 resignation letter. He confirmed there were no material reasons, disputes, or conflicts behind the decision.
What is the immediate impact of his departure?: Agarwal was a non-executive director, so day-to-day operations are not directly affected. However, his role as chairperson means his exit leaves a leadership vacuum at a company already dealing with a profit decline.
What is Responsive Industries' current financial situation?: The company is a small-cap PVC products maker. Its profit has declined by 25%, a pressure point that now coincides with a governance change at the top.
Has the company announced a successor?: The filing does not name a successor or outline next steps for the board. The immediate focus will be on whether the board appoints a new chairperson.

Mentioned: Rishabh Agarwal · Responsive Industries · May 26, 2026

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on RESPONIND →

26 May 2026 · 2:49 PM IST Responsive Industries chairperson quits. No successor named.
41d ago Responsive Industries' profit drops 25% as PVC margins erode
41d ago Responsive Industries profit drops 25% as PVC margins compress