Crown Lifters Limited has informed the Exchange regarding Resignation of Mrs. Payal Pravin Madhani (DIN: 08546549) as Independent Director of the company w.e.f. July 14, 2026.
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Mrs. Payal Pravin Madhani (DIN: 08546549) has resigned as an Independent Director of Crown Lifters Limited effective from the close of business hours on July 14, 2026, citing personal and professional commitments. She also stepped down as Chairperson of the Audit Committee and Member of the Nomination and Remuneration Committee effective July 7, 2026. She has confirmed that there are no other material reasons for her resignation. She continues to serve as an Independent Director on the board of Hexagon Nutrition Limited.
This is a single independent director exit for personal reasons with no governance red flags raised. The company will need to fill the vacancy within SEBI's prescribed timelines to maintain compliance with minimum independent director requirements, but no immediate material impact on shareholders or operations is expected.