Prashant Jhawar resigns as non-executive director of Usha Martin

Alleges several illegalities and non-compliance of the provisions of law by the directors and management in running the company

Prashant Jhawar has resigned as a non-executive director from the board of Usha Martin.

His resignation letter addressed to the board of directors alleged several illegalities and non-compliance of the provisions of law by the directors and management in running the company.

Jhawar said in the letter, "The extent of mismanagement of the company and the apparent apathy of the board of directors of the company is alarming including shielding the illegal acts of the company. I have been raising red flags for a while now and all of my warnings have fallen on deaf ears."

Jhawar's resignation came days