Dear Sir/Madam, This announcement is in continuation of earlier announcement made on November 15, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Independent Director Mr. Pushparaj Mayekar has resigned from the board of Explicit Finance Ltd effective end of business hours on November 14, 2025. The reason cited for his departure is 'pre-occupation' (i.e., other personal or professional commitments), and no other material reason was disclosed. Mr. Mayekar does not hold a directorship in any other listed entity. This filing is a continuation of an earlier announcement made on November 15, 2025, and was signed by Chairman Gopal Dave. The resignation letter addressed to the Managing Director is attached for record.
This is a routine, non-disruptive board-level change with a personal reason cited. Shareholders should note that one independent director seat on the board has now fallen vacant, which the company will likely need to fill within the timeframe prescribed under SEBI LODR and the Companies Act to maintain minimum board composition requirements.