Intimation regarding Vacancy of Office of the Director of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gemstone Investments Ltd has disclosed that Mr. Jiten Shah's position as Additional Director has been vacated effective April 27, 2026. Mr. Shah was appointed as an Additional Director on January 28, 2026. The vacancy occurred because his appointment could not be regularized as required under Regulation 17 of the SEBI (LODR) Regulations, 2015. This means the company failed to complete the necessary board approval process within the allowed timeframe, resulting in his automatic vacation of office. The Managing Director, Mr. Sudhakar Gandhi, signed the intimation.
The departure of an Additional Director due to non-regularization signals a governance lapse and board instability, which may raise concerns among investors about the company's compliance practices and board composition.