KRBL Shares Plunge 12% After Independent Director Resigns Over Corporate Governance Concerns
On September 15, 2025, shares of rice exporter KRBL Ltd. tumbled by as much as 12% in intraday trading, marking the steepest single-day fall for the stock in over three years. The sharp decline came after Anil Kumar Chaudhary , an independent director on KRBL’s board, resigned, citing serious concerns over the company’s corporate governance practices. This development has raised red flags for investors, stakeholders, and market analysts, as Chaudhary’s resignation letter outlined several critical issues, ranging from inconsistencies in board processes to questionable financial practices. While KRBL has been one of the strong performers in 2025, with gains of over 45% year-to-date, this sudden setback has sparked debates about governance standards within India’s corporate ecosystem. Why Did KRBL Shares Fall So Sharply? The equity markets react not only to financial performance but also to governance standards and investor confidence. Corporate governance lapses often trigger swift mark...
