Announcement under Regulation 30 (LODR)- Reconstitution of committees
Awaiting price reaction for this filing.
Quasar India Ltd's Board meeting on May 4, 2026 approved the appointment of Ms. Reema Magotra as an Additional Non-Executive and Independent Director, following the resignation of Mrs. Namrata Sharma from the same position on the same date. Mrs. Sharma cited personal reasons for her resignation and confirmed there are no other material reasons behind her exit. The company stated she was not related to any directors. As a result, the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee were all reconstituted with Ms. Magotra replacing Mrs. Sharma in key roles. Mrs. Sharma continues to serve as an Independent Director on six other listed companies.
This appears to be a routine board change with no governance red flags. The director confirmed no material reasons for resignation, and the company swiftly filled the vacancy, which is positive for board continuity. The stock is unlikely to see significant reaction to this change.