CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED has informed the Exchange about Resignation of Independent director.
CLEANMAX · price
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Clean Max Enviro Energy Solutions has appointed former SBI Chairman Mr. Dinesh Khara (DIN: 06737041) as an Additional Non-Executive Independent Director for a 3-year term effective 17 March 2026, subject to shareholder approval. At the same board meeting, Mr. Arijit Basu (DIN: 06907779) resigned as Independent Director with immediate effect. His resignation is purely regulatory: he was appointed Chairman of IndusInd Bank, and since Clean Max is a borrower of that bank, RBI rules bar a bank director from sitting on the board of a borrowing company. No governance concerns or material reasons were cited. The changes were approved under SEBI Listing Regulations and reported to both BSE and NSE.
The simultaneous appointment of a high-profile former SBI Chairman strengthens board credibility, while the resignation of Mr. Basu is a routine regulatory compliance step and should not be viewed negatively by shareholders.