Cyient Dlm Limited has informed the Exchange regarding Cessation of Mr Madan Pillutla as Non- Executive Independent Director of the company w.e.f. August 18, 2025.
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Mr. Madan Pillutla (DIN: 09280818) has resigned as Non-Executive Independent Director of Cyient DLM Limited, effective close of business hours on August 18, 2025, citing pre-occupation. He is also stepping down as Chairman of the Nomination and Remuneration Committee and as a Member of the CSR & ESG Committee. In his resignation letter, he confirmed there are no other material reasons for his exit and that he does not hold directorships in any other listed entity. The disclosure has been made to both BSE and NSE under SEBI Listing Regulations.
This is a single independent director exit due to personal pre-occupation with no governance red flags raised. The company will need to fill the board vacancy, but the event is unlikely to have a material effect on stock price or shareholder value.