Intimation of resignation by Non-Executive Independent Director
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Awaiting price reaction for this filing.
Mr. Sharanabasaweshwar Hiremath (DIN: 08912844) has resigned from his position as Non-Executive Independent Director of Aadi Industries Ltd, effective from the close of business hours on May 17, 2025. He cited personal reasons for his departure and confirmed there are no other material reasons behind the resignation. Mr. Hiremath also serves on the boards of two other listed companies — Switching Technologies Gunther Limited and Ormed Medical Technology Limited — but held no committee memberships in listed entities. The Board has acknowledged his contribution during his tenure.
The exit of a single independent director due to personal reasons is generally a routine governance event and is unlikely to have a material impact on the stock price, though investors may note the need to fill the board vacancy in line with regulatory requirements.