Dear Sir/Madam, Enclosed here with is the resignation letter received from the Independent director of the company Pushparaj Mayekar.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pushpraj Mayekar has resigned from the position of Independent Director of Explicit Finance Ltd, effective at the close of business on 14-11-2025. The resignation letter is a routine, courteous communication thanking the board for its cooperation during his tenure. No reasons for resignation or governance concerns were disclosed. The company will now need to fill the vacant independent director seat within the timelines required under the Companies Act.
Minor short-term impact on board composition; the company must appoint a new independent director within three months to comply with SEBI and Companies Act norms. No operational or financial impact is indicated.