CHEMCON SPECIALITY CHEMICALS LIMITED has informed the Exchange about Resignation of Independent director.
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Chemcon Speciality Chemicals Limited has informed the exchanges about the resignation of Independent Director Lalit Devidutt Chaudhary (DIN: 00651372) effective 14th May 2025. He has also stepped down from the Stakeholder Relationship Committee and Nomination and Remuneration Committee. The reason cited is his inability to devote sufficient time due to other business commitments and not being able to attend periodic Board meetings. He confirmed there are no other material reasons for his resignation, and he does not hold directorships in any other listed company. The disclosure has been made under SEBI LODR Regulation 30.
This is a routine independent director resignation due to personal time constraints, not a governance red flag. Shareholders may want to track whether a replacement independent director is appointed within the SEBI-mandated timeline to maintain board composition requirements.