Ritu Mallya, stepmother of Vijay Mallya, has resigned as non-executive director from the board of Mangalore Chemicals and Fertilisers Ltd (MCFL).
MCFL, which is now controlled by Saroj Poddar-led Zuari Group, informed this in a BSE filing.
"Ritu Mallya, a non-executive director has resigned from the board of directors of the company with effect from July 6," the filing said.
Ritu Mallya had joined as Director on the company's board in 2014 days after her son resigned.
While Zuari Group holds 53 percent stake in MCFL, Vijay Mallya-led UB Group has about 22 percent stake in the company.
Meanwhile, Vijay Mallya -- the fugitive liquor baron sought by India for defaulting on several bank loans amounting to nearly Rs 9,000 crore -- on Thursday appeared before the Westminster Magistrates Court in London for the hearing in his extradition case.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
