Intimation of Resignation of Independent Director of the company Mr. Jagdishchandra Bhagwanjibhai Jagani DIN 07645671 with effect from closing of business hours on wednesday 20-05-2026.
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Mr. Jagdishchandra Bhagwanjibhai Jagani (DIN: 07645671) has resigned from the position of Independent Director of Austin Engineering Company Ltd. He submitted his resignation letter dated 18th May 2026, which became effective from 20th May 2026 (closing of business hours). The stated reason for resignation is 'pre-occupancy'. Jagani has confirmed there are no other material reasons for his departure. He did not hold any directorship or committee membership in any other listed company. Upon resignation, he ceases to be Chairman/Member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The Board has approved the resignation and expressed appreciation for his guidance during his tenure.
The resignation reduces the Board's Independent Director count and leaves three board committees without a key member, which could temporarily impact governance oversight and SEBI listing compliance requirements.