Disclosure under reg 30 (LODR) Resignation of independent Director Mr. Nitin Walnuj
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Amarnath Securities Ltd has announced the resignation of Mr. Nitin Walunj as Independent Director, effective 30th April 2026. The director cited pre-occupation as the reason for being unable to discharge his duties. Mr. Walunj has confirmed that there are no other material reasons for his resignation beyond those stated. The company has stated that Mr. Walunj holds no directorships in other listed entities and has no committee positions. The resignation letter dated 30th April 2026 has been received by the company.
The resignation of an Independent Director may raise minor governance concerns for shareholders, though the stated reason appears routine. Investors should monitor whether the company appoints a replacement to maintain board independence requirements.