Asahi Songwon Colors Limited has informed the Exchange regarding Resignation of as Non- Executive Independent Director of the company w.e.f. April 04, 2026.
ASAHISONG · price
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Mr. Sudhin Bhagwandas Choksey (DIN: 00036085) has tendered his resignation as Non-Executive Independent Director of Asahi Songwon Colors Limited with effect from close of business hours on April 04, 2026. The resignation letter was received via email on April 05, 2026. The stated reason for the resignation is his current time constraints. The company has indicated that the formal resignation letter along with additional disclosures required under SEBI LODR clause 7B will be informed separately.
The departure of an independent director reduces board independence, though a single resignation with a routine reason (time constraints) is unlikely to significantly impact the stock. Shareholders should monitor for replacement appointment to maintain board governance standards.