Revised Disclosure under regulation 30 of SEBI LODR for resignation of Independent director with reference to earlier disclosure submitted dated 30th April , 2026
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Amarnath Securities Limited has filed a revised disclosure regarding the resignation of Mr. Nitin Walunj as Independent Director, effective April 30, 2026. This is a revised version of an earlier disclosure submitted on April 30, 2026. The reason cited for resignation is pre-occupation, with Mr. Walunj stating he is unable to discharge his duties. He has confirmed there are no material reasons for his resignation other than those mentioned. Mr. Walunj holds no other directorships in listed entities and has no committee positions. The resignation letter was received on April 30, 2026, and the disclosure was signed by Whole-time Director Mr. Chetan Patel on May 4, 2026.
The resignation of an Independent Director reduces board independence and may raise governance concerns among investors, especially if the company fails to appoint a replacement in a timely manner. The confirmation of no material reasons is a positive sign, suggesting no underlying corporate disputes.