Ganga Forging Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
GANGAFORGE · price
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The Board of Directors of Ganga Forging Limited met on 16th May 2025 and noted the resignation of Mr. Nishith Trivedi (DIN: 10332082) as an Independent Director, effective from close of business hours on 26th April 2025. The Board recorded appreciation for his valuable contribution and guidance during his tenure. The resignation was originally intimated to the exchange on 26th April 2025, and this board meeting formally acknowledged it. No specific reason for resignation beyond what was stated in his resignation letter was disclosed in this filing.
This is a routine disclosure regarding a single independent director's departure and is unlikely to materially affect the stock price. Investors should monitor whether the company appoints a replacement independent director within the regulatory timeframe to maintain board composition compliance.