Akshar Spintex Limited has informed the Exchange regarding Resignation of Mr Keshvji Makhija as Non- Executive Independent Director of the company w.e.f. March 28, 2025.
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Awaiting price reaction for this filing.
Mr. Keshvji Makhija has resigned as Non-Executive Independent Director of Akshar Spintex Limited, effective March 28, 2025. The company has informed the stock exchange about this change in board composition. No reasons for the resignation have been disclosed in the filing. The board will now have one fewer Independent Director unless a replacement is appointed soon.
This is a routine board change for a small-cap textile company. The stock price is unlikely to react materially unless further resignations or governance concerns surface. Shareholders should watch for any communication on whether a new Independent Director will be appointed to maintain the minimum board composition required by SEBI.