B.A.G Films and Media Limited has informed the Exchange regarding 'Intimation of Resignation of Independent Director in Subsidiaries'.
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Ms. Urmila Gupta (DIN: 00637110), a Non-Executive Independent Director, has resigned from the boards of three subsidiary companies of B.A.G Films and Media Limited — News24 Broadcast India Limited, E24 Glamour Limited, and Skyline Radio Network Limited — effective May 5, 2025. The reason cited is personal and health reasons, and she has confirmed there are no other material reasons for her departure. Importantly, this resignation is from the boards of subsidiaries, not from the board of the listed parent company (B.A.G Films and Media Limited). The resignation was disclosed under SEBI Listing Regulations and the company has attached the resignation letters and detailed disclosure annexure.
This is a routine board change at the subsidiary level and is unlikely to materially affect the parent company's operations or stock price. Shareholders should note that the listed entity's own board composition is unaffected.