Resignation of Nilam Makwana from the Post of Independent Director of the Company
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Ardi Investment and Trading Co Ltd announced changes to its board following a meeting on June 6, 2025. Ms. Nilam Viren Makwana resigned from her position as Non-Executive Independent Director citing personal reasons, with immediate effect. At the same time, Ms. Nikita Sinha, a 35-year-old Company Secretary with an MBA from Pune, was appointed as an Additional Director in the Non-Executive Independent Director category. The new appointee is not related to any existing directors on the board. The board meeting concluded within 30 minutes, indicating a routine governance update.
This is a routine one-for-one board replacement with no governance red flags. Ms. Makwana's resignation letter confirms no material reasons beyond personal ones. The change should have minimal impact on shareholders or the stock price.