Mr. Vinay Agrawal has tendered his resignation as an Independent Director w.e.f. 2nd August, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved the resignation of Mr. Vinay Agarwal as Independent Director effective 2nd August 2025, with the resignation letter citing personal and professional commitments and no other material reasons. On the same day, Ms. Shenaz Zoobin Bapooji (30 years of marketing experience, Founder/CEO/CMO of Skyful) was appointed as a new Independent Director for a 5-year term. Mr. Hemant Dharnidharka, the existing Managing Director (IIM-Lucknow, CA, CS, 20 years in finance), was re-appointed for 3 more years starting 8th August 2025. The board also approved the Director's Report for FY ended 31st March 2025 and appointed M/s. Ronak Jhuthawat & Co. as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30). AGM logistics, record date, and the appointment of the scrutinizer were also finalised. All director appointments are subject to shareholder approval at the upcoming AGM.
This is a routine board reshuffle with one Independent Director stepping down for personal reasons and being immediately replaced, plus an MD re-appointment that gives 3 more years of leadership continuity. No governance red flags were raised, and the resigning director confirmed there were no other material reasons for his exit.