Bodhi Tree Multimedia Limited has informed the Exchange regarding Resignation of Mr Sailesh Madhav Pethe as Non- Executive Independent Director of the company w.e.f. Jun 24, 2025.
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Bodhi Tree Multimedia Limited announced the resignation of Mr. Sailesh Madhav Pethe as Non-Executive Independent Director effective June 24, 2025, citing personal reasons and inability to devote time to directorship. The director confirmed there are no other material reasons for his exit. On the same day, the company appointed Mr. Ajit Naik as Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval. Mr. Naik is not related to any existing directors or KMPs and holds no shares in the company. Board committees have been reconstituted accordingly, with Mr. Naik taking the Chairperson role on the Nomination and Remuneration Committee.
This is a routine board-level change with one independent director exiting and another being brought in on the same date. Shareholders should see no material impact on operations or governance, as the company maintains adequate independent director strength. Watch for the shareholder approval requirement at the next general meeting for the new appointment.