Diligent Media Corporation Limited has informed the Exchange regarding Cessation of Mrs Shilpi Asthana as Non- Executive Independent Director of the company w.e.f. May 28, 2025.
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Diligent Media Corporation Limited has informed the stock exchange that Mrs. Shilpi Asthana has ceased to be a Non-Executive Independent Director of the company with effect from May 28, 2025. No specific reason for the cessation has been disclosed in the filing. The company has not announced any replacement appointment in this announcement. The change reduces the strength of the company's board by one independent director.
Single independent director exits are routine board changes and typically have limited impact on stock price unless governance concerns are flagged. Shareholders may want to watch for the company's next filing regarding the appointment of a new independent director to fill the vacancy and maintain the required board composition.