Resignation of Independent Director Mr.Jayant Mitra (DIN:00801211)
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Mr. Jayant Dolatrai Mitra (DIN: 00801211) has resigned as an Independent Director of the company with effect from the close of business hours on May 16, 2025. The reason cited is personal pre-occupations and engagement in other assignments. The director confirmed that there are no other material reasons for the resignation beyond what was stated in his resignation letter. He was a member of two board committees — the Nomination and Remuneration Committee and the Stakeholder Relationship Committee. The company will need to fill the vacancy to maintain compliance with board composition norms.
This is a routine independent director exit with no governance red flags raised by the outgoing director. Impact on shareholders is expected to be minimal, though the company must appoint a replacement within the timeframe prescribed under SEBI rules to avoid board composition issues.