Demise of Mr. Vijai Singh Dugar, Independent Director of the Company
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Galaxy Supermarket Ltd has informed the stock exchange about the sudden demise of Mr. Vijai Singh Dugar, an Independent Director of the company, on 14th March 2026. He had been serving on the board since 14th November 2023, in his first term as a Non-Executive Independent Director. He contributed expertise in Financial Accounting, Internal Audit, and Strategic Business Planning. With his passing, the company has lost his role as a member of the Audit Committee and Nomination and Remuneration Committee, and as Chairman of the Stakeholders Relationship Committee. The Board and senior management have conveyed their condolences to his family.
The company will need to fill the vacant Independent Director position and reconstitute the affected board committees within the timelines prescribed under SEBI Listing Regulations. This is a routine disclosure on a personal loss and is unlikely to have a material impact on the stock price or business operations, though investors should watch for updates on the appointment of a new Independent Director.