With reference to our earlier Corporate Announcement filed under regulation 30 of SEBI(LODR) Regulations, 2015 dated 15.04.2025, find attached revised corporate announcement with additional ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Ashok Katra (DIN: 07799527) has resigned as an Independent Director of Frontier Capital Ltd, effective April 2, 2025. The reason cited in his resignation letter is pre-occupation with other professional services. He also ceases to be a member of any board committees of the company. The company has confirmed there are no other material reasons for the resignation beyond what is mentioned in his letter. He held no other listed entity directorships or board committee memberships.
A single independent director resigning due to personal pre-occupation is a routine corporate event and generally has limited impact on shareholders. The company will need to fill the vacancy on its board within the timeline required under SEBI regulations to maintain the minimum number of independent directors.