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Two more Manpasand Beverages board members resign amid GST fraud case
28-May-2019
Businesstoday
GST Fraud Case
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Manpasand Beverages on Monday announced that its board members Bharat Vyas and Dhruv Agrawal have resigned; Vishal Sood, non-executive director of the company, had tendered his resignation on Friday Three board members of Manpasand Beverages, India's leading fruit juice manufacturers, have resigned in the continuing aftermath of a Goods and Services Tax (GST) invasion that led to arrest of its top executives.Gujarat-based Manpasand Beverages on Monday announced that its board members Bharat Vyas and Dhruv Agrawal have resigned. On Friday, Vishal Sood, non-executive director of the company, had tendered his resignation with immediate effect.The fruit juice maker company owns brands such as MangoSip, Fruits Up, Manpasand ORS, and OXY Sip.
"We would like to inform you that the Company has received resignation from Bharat Vyas Independent Director w.e.f. May 20, 2019 (the Company received mail on 26th May, 2019) and Dhruv Agrawal Director w.e.f. 26th May, 2019 from the post of director of the company," Manpasand Beverages said in a filing to the Bombay Stock Exchange. Bharat Vyas has resigned due to pre-occupation and Dhruv Agrawal mainly due to GST search, the company said in the exchange filing.
Source: businesstoday
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