Nature of Disclosure: Regulatory filing under SEBI Listing Regulations 30 regarding cessation of an Independent Director due to resignation.
Key Event: Mr. Pratik Mahendra Shah (DIN: 01738382), Non-Executive Independent Director of the Company, has tendered his resignation from the office of Independent Director effective 22nd June 2026.
Reason for Resignation: The resignation is due to increased commitment arising from the growth of his own business which requires greater time, attention and focus therein.
Director Confirmation: Mr. Pratik Mahendra Shah has confirmed that there are no other material reasons other than those mentioned above for his resignation as an Independent Director.
Regulatory Compliance: The disclosure is made in compliance with Regulation 30 read with Para 7 and 7B of Schedule III Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026.
Annexure Details: The filing includes Annexure-I with the following information:
- Reason for change: Resignation of Mr. Pratik Mahendra Shah as Independent Director w.e.f. 22nd June 2026
- Date of cessation: 22nd June 2026
- Names of listed entities in which the resigning director holds directorships: NIL
- Confirmation that there are no material reasons other than those provided
Resignation Letter Contents: The director's resignation letter states his appreciation and gratitude to the Board of Directors for the support, cooperation, and guidance received during his tenure.
Financial Impact: No financial impact disclosed in the filing.
Governance Impact: Change in board composition with cessation of one Independent Director position.