Revised Intimation- Resignation of Independent Non Executive Director
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Cranes Software International has filed a revised intimation (dated September 10, 2025) regarding the resignation of Ms. Shital Darak Mandhana as an Independent Non-Executive Director, effective September 9, 2025. She cited increasing professional and other personal responsibilities making it difficult to devote required time. She was appointed on July 4, 2024, held directorships in no other listed entity, and confirmed there are no other material reasons for her departure. The revision was made to include Annexure A (detailed reasons and SEBI-required disclosures) on the Exchange's advice.
This is a single Independent Director exit driven by personal time constraints, with no governance red flags raised. For shareholders, it is a routine board-level change and unlikely to materially affect the stock price, though investors may watch for a timely replacement to maintain board composition norms.