Three independent directors resigned; board committees reconstituted
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Three non-executive independent directors resigned effective October 21, 2026. The board reconstituted its audit, nomination and remuneration, and stakeholder committees. It approved a non-binding plan to acquire up to 100% of Dream Media Network Private Limited through a share swap or equity issue, subject to valuation and approvals. It also approved a jewellery purchase and sale agreement and shifted its registered office to Jangpura Extension.
Three director exits may raise governance concerns. The non-binding acquisition plan could create growth, but new shares may dilute holders.