Please find attached details of resignation of Mr. Laxmi Narayan Sharma, Independent Director
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GCM Capital Advisors Ltd has informed the stock exchange that Mr. Laxmi Narayan Sharma (DIN: 00356855), Independent Director of the company, has resigned with effect from April 18, 2025. The resignation is on account of completion of his 5-year second term as an Independent Director. The Board accepted the resignation at its meeting held on the same day, which lasted from 12:10 PM to 12:30 PM. Mr. Sharma also serves as a director on GCM Commodity & Derivatives Limited. He has confirmed there are no other material reasons behind his exit. The company is listed on BSE's SME platform (Scrip Code: 538319).
This is a routine, orderly exit triggered by the end of Mr. Sharma's second 5-year tenure as an Independent Director. Since the reason is natural completion of term and not any governance issue or dispute, the resignation is unlikely to have any meaningful impact on the stock price or shareholder sentiment.