Dear sir, We are attaching herewith intimation of cessation of Directors along with Revised Annexure - I and certified copy of Resolution. You are requested to take the same on record. For ....
Awaiting price reaction for this filing.
Progrex Ventures Ltd has informed BSE that two directors — Ms. Alpa Nikhil Dhami (Non-Executive Director) and Ms. Shilpa Ajay Bhatia (Independent Director) — have ceased to hold office on the board with effect from 8 December 2025. Both were appointed as Additional Directors on 28 August 2025 under Section 161(1) of the Companies Act, 2013. Their appointments were not approved (regularized) by shareholders at the Annual General Meeting held on 30 September 2025, so the Board decided not to recommend their continuation. The cessation was formally approved via a board resolution passed at the meeting on 8 December 2025.
This is a routine governance change driven by shareholders not approving the directors' regularization at the AGM rather than any performance or scandal issue. No new appointments have been announced yet, so the board will have vacancies to fill. For shareholders, this is a neutral, administrative event with no direct impact on operations or financials.