Cessation of Mr. Aftab Alam as an Independent Director of the Company
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Awaiting price reaction for this filing.
At a board meeting held on July 10, 2025, Alna Trading & Exports Ltd announced three decisions. Mr. Aftab Alam resigned from his position as Independent Director with immediate effect, citing personal and unavoidable circumstances; he confirmed there are no other material reasons for his departure and holds no directorship in other listed entities. To fill the vacancy, the board appointed Ms. Mala Arun Todarwal, a Fellow Chartered Accountant and partner at Arun Todarwal & Associates LLP with expertise in audits, taxation, and governance, as Additional Director (Non-Executive & Independent) for a five-year term subject to shareholder approval. Additionally, Mr. Hanuman Pandey, a Chartered Accountant with over 16 years of audit experience, was appointed as Internal Auditor for FY 2025-26.
This is a routine board-level reshuffle with no governance red flags — the outgoing director resigned for personal reasons and is being replaced by a qualified finance professional, which should keep the board composition compliant. Shareholders are unlikely to see any meaningful impact on the stock price from these changes.