Garuda Construction and Engineering Limited has informed the Exchange regarding Resignation of Mr Krishnakumar Laxman Bangera as Non- Executive Independent Director of the company w.e.f. April 01, 2026.
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Mr. Krishnakumar Laxman Bangera has resigned from his position as Non-Executive Independent Director of Garuda Construction and Engineering Limited, effective April 1, 2026. The resignation was submitted via letter dated April 1, 2026. The stated reason is pre-occupation in other professional assignments, making it difficult to devote time for attending company meetings. The director has confirmed there are no other material reasons behind the resignation. Mr. Bangera also resigned from his positions on various board committees including the Audit Committee, CSR Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. He serves as an Independent Director on one other listed entity, Electro Force (India) Limited.
The departure of an Independent Director reduces board independence and committee coverage, though the company has time to find a replacement before the effective date. The transparent confirmation of no material disputes is a positive signal for shareholders.