Resignation of Mr. Atul B, Lall as Non-Executive Non Independent Director of the Company, being the representative of Dixon Technologies (India) Limited (DTIL), due to cessation of DTIL''s ....
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Mr. Atul B. Lall has resigned from the Board of Aditya Infotech Ltd as Non-Executive Non-Independent Director effective May 25, 2026. He was serving as the nominee director of Dixon Technologies (India) Limited (DTIL). The resignation occurred because DTIL's shareholding in the company fell below the 4% threshold required under Article 102A of the company's Articles of Association to maintain nomination rights. DTIL sold 44,95,880 equity shares on February 25, 2026, reducing its stake from 6.20% to 2.38% of the paid-up equity share capital. The Nomination & Remuneration Committee and Board of Directors took note of the resignation on May 25, 2026.
This is a routine governance update with no negative implications for the company. DTIL's exit from the shareholder base triggered loss of board representation rights. Shareholders should note that DTIL is no longer a significant stakeholder (below 4%) and the board composition has changed accordingly.