Aptus Value Housing Finance India Limited has informed the Exchange regarding Cessation of Mr Sumir Chadha and K. P. Balaraj as Non- Executive Nominee Director of the company w.e.f. September 25, 2025.
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Aptus Value Housing Finance India has informed the stock exchanges that Mr. Sumir Chadha and Mr. K.P. Balaraj have resigned from the Board as Non-Executive Nominee Directors effective September 25, 2025. Both were representing Westbridge Crossover Fund, LLC on the board. Their resignations are a direct result of Westbridge Crossover Fund and its affiliated entities fully selling off (completely disinvesting) their entire equity stake in the company. With Westbridge no longer holding any shares, their nominee positions on the board have become vacant. Notably, Mr. Balaraj was serving on the Audit Committee, IT Strategy Committee, and Stakeholders' Relationship Committee, which means these committees will also need reconstitution.
This is a routine corporate housekeeping event following an investor's full exit from the company, not a governance concern. Shareholders should note the change in board composition and that key committees like the Audit Committee will be reconstituted. There is no negative signal for the stock — it simply reflects that a foreign investor has sold its stake and its representatives have stepped down from the board.