Reason for Resignation: Unavoidable personal circumstances
Effective Date of Resignation: Close of business hours on June 11, 2026
Date of Resignation Letter: June 11, 2026
Committees Ceased: Chairperson of Audit Committee, Chairperson of Nomination and remuneration committee, Chairperson of Stakeholders Relationship Committee, Chairperson of Corporate Social Responsibility Committee
Regulatory Compliance: SEBI Master Circular No.: HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Other Directorships: Not a Director of any other listed entity
Confirmation: No other material reasons beyond those provided
Director 2: Mrs. Isha Deepak Shah
Name of Resigning KMP: Mrs. Isha Deepak Shah
Designation: Non-Executive Independent Director
DIN: 11219718
Reason for Resignation: Pre-occupation and other commitments
Effective Date of Resignation: Close of business hours on June 11, 2026
Date of Resignation Letter: June 11, 2026
Committees Ceased: Member of Audit Committee, Member of Nomination and remuneration committee, Member of Stakeholders Relationship Committee, Member of Corporate Social Responsibility Committee
Regulatory Compliance: SEBI Master Circular No.: HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Other Directorships: Not a Director of any other listed entity
Confirmation: No other material reasons beyond those provided
Director 3: Mr. Gaurav Chawla
Name of Resigning KMP: Mr. Gaurav Chawla
Designation: Non-Executive Independent Director
DIN: 06894334
Reason for Resignation: Unavoidable personal circumstances
Effective Date of Resignation: Close of business hours on June 11, 2026
Date of Resignation Letter: June 11, 2026
Committees Ceased: Member of Audit Committee, Member of Nomination and remuneration committee
Regulatory Compliance: SEBI Master Circular No.: HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Other Directorships: Not a Director of any other listed entity
Confirmation: No other material reasons beyond those provided
Director 4: Mr. Umang Shah
Name of Resigning KMP: Mr. Umang Shah
Designation: Non-Executive Independent Director
DIN: 11263043
Reason for Resignation: Pre-occupation
Effective Date of Resignation: Close of business hours on June 11, 2026
Date of Resignation Letter: June 11, 2026
Committees Ceased: Member of Stakeholders Relationship Committee, Member of Corporate Social Responsibility Committee
Regulatory Compliance: SEBI Master Circular No.: HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Other Directorships: Not a Director of any other listed entity
Confirmation: No other material reasons beyond those provided
Analytical Add-On
The simultaneous resignation of four independent directors, including committee chairpersons, represents a significant governance event that may impact board oversight and committee functions.
Resignations appear abrupt given the same effective date and citation of personal circumstances/pre-occupation without transition planning disclosed.
The mass exit of independent directors could raise governance concerns regarding board stability and independent oversight mechanisms.
Section B – Additional Observations or Disclosures
No information provided about replacement appointments or succession planning for the vacated positions.
No details about interim arrangements for committee chairpersonships or memberships.
The disclosure does not indicate any planned transition or internal role reallocations.
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, or other board appointments disclosed in this filing.
The document focuses exclusively on the director resignations and regulatory compliance disclosures.
