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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Mr. Keshvji Makhija has resigned from the board of Akshar Spintex Limited as a Non-Executive Independent Director, effective March 28, 2025. The company has informed the stock exchange about this development. No reason for the resignation has been disclosed in this filing. This is a single board-level change and does not involve key managerial personnel such as the CEO, CFO, or Company Secretary.
Independent director resignations can sometimes raise governance questions, but with no reason cited and no other board changes mentioned, the immediate impact on shareholders is likely minimal. Investors may want to watch for further disclosures on whether a replacement will be appointed soon.