CMI Limited has informed the Exchange regarding Resignation of Mr SERVAGAYA JAIN as Independent Director of the company w.e.f. August 18, 2025.
Awaiting price reaction for this filing.
Mr. Servagaya Jain has resigned as an Independent Director of CMI Limited with effect from August 18, 2025, citing personal commitments and inability to devote sufficient time to his duties. The resignation was accepted by the Resolution Professional of the company, indicating CMI Limited is currently under the Corporate Insolvency Resolution Process (CIRP). Mr. Jain did not hold directorships in any other listed entity. The company confirmed there are no other material reasons behind the departure.
This is a routine single independent director exit with no stated governance concerns, so it is unlikely to materially affect the stock. However, investors should note the company remains under insolvency proceedings, which remains the key overhang on the stock.