Resignation of Independent Director
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Mr. Durga Prasad (DIN: 09727607) has resigned from his position as Independent Director of Aravali Securities & Finance Ltd, effective 23 May 2025. The resignation was tendered through his letter dated 22 May 2025, citing personal reasons as the cause. No reasons related to any disagreement with the board or governance concerns were mentioned in the letter. The company has informed both BSE and the Calcutta Stock Exchange about the change.
This is a routine board-level change with no stated governance concerns. Shareholders should monitor whether the company appoints a replacement Independent Director in a timely manner to maintain compliance with SEBI's board composition requirements.