Alan Scott Enterprises Limited has submitted a regulatory disclosure to BSE Limited regarding the resignation of Mr. Kadayam Ramanathan Bharat (DIN: 00584367) from his position as Independent Director of the Company.
The resignation is effective from the close of business hours on Thursday, August 13, 2026. The reason provided for resignation is personal reasons and other professional commitments.
Mr. Bharat has confirmed in his resignation letter dated August 10, 2026, that there are no other material reasons for his resignation beyond those stated. The resignation letter was addressed to the Board of Directors at the company's registered office: Unit no.302, Kumar Plaza, 3rd floor, Near Kalina Masjid, Kalina Kurla Road, Santacruz (East), Mumbai – 400029.
The disclosure confirms that Mr. Bharat holds no directorships in any other listed entities. The Board of Directors has expressed appreciation for Mr. Bharat's valuable guidance, support, and contributions during his tenure as Independent Director.
The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure was digitally signed by Sureshkumar Pukharaj Jain, Managing Director (DIN: 00048463), from Mumbai.
Financial Impact
No financial impact quantified in the disclosure.
Governance Impact
Reduction in Board composition with the resignation of one Independent Director.