Revised Disclosure under Regulation 30 (LODR)-Resignation of Director as revert of query raised by BSE
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Galaxy Agrico Exports Ltd has filed a revised intimation under SEBI LODR Regulations regarding the resignation of Independent Director Mr. Jay Narayan Nayak (DIN: 05174213), effective from close of business hours on May 2, 2025. The revision was prompted by a BSE query noting that the earlier disclosure missed listing the other listed entities where the resigning director holds directorships. Mr. Nayak cited personal reasons and other professional commitments for stepping down and confirmed there are no other material reasons for his exit. He also serves as an Independent Director on Brisk Technovision Limited and SK International Export Limited, where he holds committee positions such as Chairman of Nomination and Remuneration Committee and member of Audit Committee. The revised filing now fully complies with SEBI Circular CIR/CFD/CMD/4/2015 disclosure requirements.
This is a routine non-executive board change with no governance red flags raised by either the company or the regulator. The BSE query was purely procedural about missing disclosure details, not about substance. Shareholders should monitor whether a replacement independent director is appointed soon to maintain board composition norms.