Cyient Dlm Limited has informed the Exchange regarding Resignation of Mr Ajay Kumar as Non- Executive Independent Director of the company w.e.f. May 15, 2025.
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Cyient DLM Limited has informed the stock exchanges that Dr. Ajay Kumar (DIN: 01975789) has resigned as an Independent Director of the company, effective from the close of business hours on May 15, 2025. The resignation is due to Dr. Kumar taking charge as the Chairman of the Union Public Service Commission (UPSC), a constitutional position appointed by the President of India. He will also step down from the Nomination and Remuneration Committee and the Stakeholder Relationship Committee. The company confirmed that there are no other material reasons for his resignation. Dr. Kumar also serves as an Independent Director on the boards of Dynamatic Technologies Limited and Electrosteel Castings Limited.
This is a routine, non-event resignation driven by a prestigious government appointment and not related to any company concerns or governance issues. The stock is unlikely to see any material negative impact, though investors may watch for timely appointment of a replacement Independent Director.