Haridwar: Acharya Balkrishna, an associate of yoga guru Baba Ramdev, has resigned as the managing director of Ruchi Soya Industries. He cited "pre-occupation" as the reason for his resignation.
"Acharya Balkrishna has resigned from the office of Managing Director of the company with effect from August 18, 2020, due to his pre-occupation. The Board of Directors has accepted his resignation," the filing said.
Ram Bharat, younger brother of Baba Ramdev has been appointed as the new managing director of the company with effect from August 19, 2020, till December.
Balkrishna has been designated as Non-Executive Non-Independent Director, liable to retire by rotation with effect from August 19, 2020, subject to approval of members of the company.
