Please find attached details of resignation of Director
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GCM Commodity & Derivatives Ltd informed the BSE that Mr. Mahavir Prasad Saraswat (DIN: 00304538) has resigned as an Independent Director with effect from August 19, 2025. The resignation was approved by the Board on the same day, upon recommendation of the Nomination & Remuneration Committee, citing old age and health issues as the reason. Mr. Saraswat was a member of the Audit Committee and Nomination & Remuneration Committee at GCM, and also serves on the board of Global Capital Markets Limited. The company confirmed there are no other material reasons behind the exit, and the meeting ran from 11:00 AM to 11:30 AM.
For shareholders, this is a routine personal-reason exit of an independent director with no governance red flags. The company will need to fill the independent director seat within the SEBI-prescribed timeframe to maintain board composition compliance.