CYIENT DLM LIMITED has informed the Exchange about Resignation of Independent director.
CYIENTDLM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dr. Ajay Kumar (DIN: 01975789) has resigned as an Independent Director of Cyient DLM Limited, effective close of business hours on 15 May 2025. The reason cited is his appointment as Chairman of the Union Public Service Commission (UPSC) by the Hon'ble President of India, a constitutional responsibility. He will also step down from the Nomination and Remuneration Committee and the Stakeholder Relationship Committee. Dr. Kumar continues as an Independent Director on the boards of Dynamatic Technologies Limited and Electrosteel Castings Ltd. He has confirmed there are no other material reasons behind his resignation.
The resignation is due to a prestigious government appointment and is not linked to any governance concerns or company issues. Shareholders should not view this negatively; however, the board will need to fill the independent director vacancy in due course to maintain compliance with listing requirements.