Dynamatic Technologies Limited has informed the Exchange regarding Resignation of Dr. Ajay Kumar (DIN: 01975789) as Independent Director of the company w.e.f. May 15, 2025.
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Dr. Ajay Kumar (DIN: 01975789) has resigned as Independent Director of Dynamatic Technologies Limited effective May 15, 2025. He is also stepping down from all board committees of the company. The reason for his resignation is his appointment as Chairman of the Union Public Service Commission (UPSC), pursuant to an order of the Hon'ble President of India — a constitutional role of national importance. Dr. Kumar also serves as an Independent Director on the boards of Electrosteel Castings Ltd and Cyient DLM Limited. He has confirmed that there are no other material reasons for his resignation beyond this appointment.
This is a routine and expected resignation driven by a prestigious government appointment, not a governance concern. Shareholders should not view this negatively; the company will need to fill the vacant Independent Director seat in due course to comply with board composition norms.