Resignation of Mr. Sunil Samal, Non-Executive Director of the Company w.e.f. 21.05.2026
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Mr. Sunil Samal has tendered his resignation as Non-Executive Director of Galaxy Supermarket Ltd with immediate effect from May 21, 2026. The reason cited is personal reasons. As a result, he also ceases to be a member of the Nomination & Remuneration Committee of the Company. The resignation letter was received via email on the same day, and the Board has placed on record its appreciation for his contribution during his tenure. Sunil Samal confirmed there is no other material reason behind his resignation beyond what was stated.
This is a routine director-level change with no immediate operational or financial impact. However, loss of an independent director may signal potential governance gaps to investors, especially since it reduces board committee composition.